this post was submitted on 30 May 2025
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Work Reform

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Stephen Hemsley who turns 73 in June, will get a base salary of $1 million a year—big money but actually below the usual salary for CEOs of such large companies. More important, he would get a one-time $60 million grant of stock options, with a twist: He would get the payoff only if he remains CEO for three years. He would get no other stock-based awards in that period.

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[–] AlecSadler@sh.itjust.works 8 points 1 week ago (1 children)

I just don't understand having as much money as I imagine he has and being that old and still wanting to work..or be attached to something requiring any sort of work.

[–] hperrin@lemmy.ca 10 points 1 week ago (1 children)

It’s probably best you don’t understand that. Else you’d be a greed monster.

[–] Tolookah@discuss.tchncs.de 3 points 1 week ago

It could be fear. Work is an identity for some people, and not having that means big change, some are afraid of change.