Why Masimo CEO Was Offered $147 Million To Give Up Benefits
Since 2007, Masimo Corp. founder Joe Kiani’s employment contract included a combination of benefits most chief executive officers can only dream of.
He was guaranteed 300,000 stock options annually, and he could trade those options for full-value shares in some scenarios. He’d get a golden parachute if his company were bought, even if his employment wasn’t terminated, and the Irvine, California-based medical device-maker would pay his taxes on that windfall.
He was guaranteed 300,000 stock options annually, and he could trade those options for full-value shares in some scenarios. He’d get a golden parachute if his company were bought, even if his employment wasn’t terminated, and the Irvine, California-based medical device-maker would pay his taxes on that windfall.