Endurance International Group CEO Hari Ravichandran is taking a big cash pay cut in return for shares in the company if it hits free cash flow targets.
Ravichandran’s annual salary will be reduced from $750,000 to $200,000 and he won’t receive any cash bonuses for 2015, 2016 and 2017.
The upside: the potential to get another 3.7 million shares in the company over the next three years. Shares currently trade for $14 a share, so that’s potentially over $50 million if he helps the company knock it out of the park.
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Ravichandran’s annual salary will be reduced from $750,000 to $200,000 and he won’t receive any cash bonuses for 2015, 2016 and 2017.
The upside: the potential to get another 3.7 million shares in the company over the next three years. Shares currently trade for $14 a share, so that’s potentially over $50 million if he helps the company knock it out of the park.
Domain Name Wire
