From the 14a filed on Edgar today, did you know of AMZN's compensation of outside directors through options?
COMPENSATION OF DIRECTORS
Directors of the Company do not receive cash compensation for their services as Directors or members of committees of the Board of Directors, but are reimbursed for their reasonable expenses incurred in attending meetings of the Board of Directors. In January 1997, the Company granted Mr. Cook, a Director of the Company, an option to purchase 60,000 shares of Common Stock at an exercise price of $1.3333 per share. In February 1997, the Company granted Ms. Stonesifer, a Director of the Company, an option to purchase 60,000 shares of Common Stock at an exercise price of $2.6666 per share. The Company currently
intends to compensate future outside Directors through the grant of options.
Nice deal, huh....60,000 options priced 92 points under the market....lets see, they each get about 5 1/2 million dollars, right?
Amzn will be electing 5 more directors at the annual meeting on May 28th........;^) |
