TransDigm Group Inc. paid CEO Nicholas Howley $61 million for 2017, the year when a short seller accused the company of price-gouging and financial engineering.
Howley received stock options valued at $9.77 million, as well as $51.2 million in accrued dividends, according to a regulatory filing Feb. 6. The options vest only if the company increases its intrinsic share price by at least 10 percent a year. The intrinsic share price is an internal measure derived from pro-forma earnings before interest, taxes, depreciation, and amortization, minus net debt.
That compensation structure was at the heart of the allegations levied last ...
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