CEO of This Seattle-Based Company Does Something Really Cool With His Bonus

 

'Plum' bonus: CEO Rick Holley refused $1.85million worth of Plum Creek stock

 

” You can count the number of times this happens on your hand: a CEO gave back his nearly $2 million bonus because he didn’t feel he’d done enough to deserve it, an SEC filing reported.

  The CEO of Seattle-based Plum Creek, the largest private owner of forestland in the U.S., chose to return 44,445 shares of stock, worth $1.85 million, because: “This has been a year where total shareholder returns are down 10% or more. It just wasn’t the right thing to do,” the Daily Mail reported.

  The SEC filing says Holley “does not believe that he should receive such an award unless Plum Creek’s stockholders see an increase in their investment return.” “

 

MRCTV