In a surprising move, Compass CEO Robert Reffkin has decided to forego $25 million worth of performance-based restricted stock units and instead accept a $7 million cash bonus. Citing personal and professional reasons, Reffkin’s decision reflects an interesting twist in executive compensation within the mortgage industry.
• Compass CEO Robert Reffkin forgoes $25 million in performance-based restricted stock units
• Instead, accepts $7 million cash bonus
• Decision attributed to personal and professional considerations
• Reflects a unique shift in executive compensation within the mortgage industry
While the reasons behind Reffkin’s choice remain unclear, this decision is significant, as it highlights the ongoing evolution of executive remuneration strategies and showcases a shift in priorities. Reffkin’s willingness to forgo a substantial amount of potential stock-based income in favor of an immediate cash bonus raises questions about the traditional approach to executive compensation in the mortgage industry and beyond. It will be intriguing to observe the implications of this decision and whether it sparks a broader reevaluation of how executives are rewarded.
You can read this full article at: https://www.housingwire.com/articles/reffkin-trades-in-compass-stock-for-7m-cash-bonus/(subscription required)
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