Schafer: Nash Finch deal brings big payout for the CEO

  • Article by: LEE SCHAFER , Star Tribune
  • Updated: November 17, 2013 - 6:16 AM

It’s not too late for Nash Finch Co. shareholders to vote no.

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buckyharleyNov. 16, 13 5:58 PM

How about the CEO splits his big payday with everyone at Nash Finch who loses their job in the merger?

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gofurnuttNov. 16, 13 6:58 PM

This Is What's Wrong with "Private Industry".... The CEO and A Handful of Others Get RICH Beyond One's Wildest Dreams and Everyone Else In the Business get's Screwed.....

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supervon2Nov. 16, 13 8:53 PM

And why is this different than a major league baseball player or basketball player or a football player or a big-time lawyer? He deserves it just as they do.

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lundovichNov. 16, 13 9:40 PM

What the story doesn't mention is: How do Nash Finch customers benefit by this deal? Isn't a companies reason for being to serve the customer?

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LilBeaverNov. 16, 1310:13 PM

No single person can produce enough earnings for a company and it's stockholders to justify this sort of compensation let alone the over paid base salary most of them get. This is why we as consumers see the ever increasing prices in the goods we purchase!

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pitythefoolsNov. 17, 13 9:52 AM

lundovich: "What the story doesn't mention is: How do Nash Finch customers benefit by this deal? Isn't a companies reason for being to serve the customer?"

To Conservatives the only purpose of companies is to maximize shareholder wealth. Customers, employees, products, the community are all things that companies use and abuse to that end.

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Fair ViewNov. 17, 13 9:57 AM

Let the shareholders vote. These compensation agreements are public info as part of SEC filings. When a shareholder bought a share of stock, they signed up for that arrangement. Let the market work. If the shareholders didn't agree with it, they should have sold their shares or voted out the board. This isn't complicated...unless you want to try and manipulate market forces.

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regionguyNov. 17, 1311:56 AM

Good article, Lee.

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quarrelsNov. 17, 1311:59 AM

The only thing that mattered in this deal... was to make money for the top 4 executives at Nash Finch. That was the real motive for this deal. The top 4 are ready to retire and formulated this deal so they all get large payout packages. If I were a shareholder... I'd vote no and ask them to develop a better deal that actually benefits customers and shareholders.

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bogie246Nov. 17, 13 8:09 PM

The lack of understanding of the article by the envious posters is appalling. The "gross up" is a heavy tax on earnings that goes to the government. It is included in the total comp numbers. The deal the CEO struck to join the company looks like a big payoff, but he left dollars to join Nash Finch. And he got a great deal for shareholders. We should reward success and applaud producers, but we have become a nation of spiteful small envious people. If you want to succeed, stop with the envy and go get it.

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