Eleven of Hyatt’s senior leaders could see tens of millions of dollars through a new compensation package if the hotel operator’s shares rebound
When Hyatt Hotels Corp. decided to furlough many of its hotel workers, it told employees that Chief Executive Mark Hoplamazian and Chairman Thomas Pritzker would forgo salaries and nine other senior leaders would take a 50% pay cut through May.
The executives also received their annually awarded restricted shares and stock options about a week after that March 17 announcement. If Hyatt’s share price bounces back near levels it was before the coronavirus pandemic caused the stock to plunge, those 11 executives stand to gain...
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