1.0
Jun 7, 2019
Recommend
CEO approval
Business Outlook
Pros
Tom Reilly's gone, and I'm sure Frankola is next.
Cons
In the All Hands this week, Tom was asked how much his severance is. It's roughly $16M (even at $5/share), plus a cash payout of $1M, plus 24 months of COBRA. 100% of his equity accelerated. And you'll notice he got a grant worth $2M in FEB of 2019, which is now completely accelerated. How does the board grant this to him knowing the ship was sinking? I'm sure the SEC will come calling soon. Glassdoor won't allow the URL, but if you search "Cloudera Form 8-K" you can find it there. Look at Exhibit A on page 12 for his equity breakdown.