Originally Posted by
Yabadaba
“Tanking” on purpose…. Sorry but that’s a hard no.
The bulk of BB’s pay is in company stock. Realistically he took about a 50% pay cut in the last 3-4 months. People want to over analyze when he sells a bunch of stock but that’s just how he is paid.
https://skift.com/2022/06/23/the-hig...-airline-ceos/
I didn't mention BB as tanking, I mentioned Indigo. BB sold when the stock was on the way down to try and salvage what he could given he knew (had just been informed) it was Indigo's intention to go lower (possibly to zero). As you mentioned, BB doesn't BUY the stock as it's part of his compensation. So, he doesn't LOSE by selling low, he just doesn't make as much (there's a difference). His overall compensation may end up being lower but if a CEO is on the way out, that isn't a bad move to make.
Who knows, maybe Franke gave him some of his to make up the difference.