Professor Elam

Thursday Sept 29, 2016

As I said in an earlier post, losing something you never had is really not much of a penalty.

Another professor in this article makes the same observation.

It is not like Stumpf had to write a check for $41 M or Tolstead for $19 M. A Restricted Stock Unit is a grant of stock that vests after a period of time. Losing the RSU means you will not ereive it.

And it is not like WFC is out any cash, as this is not a cash transaction.

AND none of the customers get any of the $60 M.

So, uh er ah, is this justice?