Under the deal, Ms. Barad also became fully vested in all of her options to purchase 6.4 million shares of Mattel common stock. Now, I fully understand the need for companies to attract the best talent they possibly can, and I understand that in order to do that, they need to offer strong, generous compensation packages. This is the kind of corporate arrogance that gives all business a bad name, and invites not only lawsuits but also legislative intervention. Hilbert didn t resign after masterminding an acquisition strategy that resulted in an almost 90 percent decline in Conseco s stock value in the last two years. Instead, he was fired, but what a way to go.
Lawsuits are pending.
Burt Cohen is president of MSP Communications, which publishes Twin Cities Business Monthly.