#2: Avaya CEO to Get $6 Million Cash Award
Avaya, which has struggled the last number of months as it contemplates a second bankruptcy filing in five years, raised eyebrows last month for news that it’s paying its new CEO a hefty cash award.
Alan Masarek, who joined the company as chief executive last year in an effort to turn its fortunes around, is getting a $6 million bonus, per an SEC filing. Avaya’s board also approved a $1.2 million cash award for Shefali Shah, chief administrative officer.
This comes after Masarek got a $4 million “signing bonus.” The news came out at the same time we learned Avaya’s stock price had fallen below the NYSE minimum.
See how else Avaya is spending its money.
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