Gentiva Executive Chairman Rod Windley became the latest senior leader to exercise stock options prior to selling their company to Kindred Healthcare. Windley stands to nearly double his money given an option purchase price of $10.24 per share and a quick flip sale at $19.05. It's an 86% return at those prices.
Windley still holds over 515,000 shares of Gentiva stock worth over $9.8 million. That will buy a lot of future fun. Meanwhile the company cut its health insurance contribution for 2015. That could mean much misery for employees living on the margin.
Anonymous (from Gentiva)
But employees added *value* to the company. Look how *valuable* the employees are to the company.
ReplyDeleteThey use that word, but I don't think it means the same thing to us that it does to them.