Quote from S2007S:
$370,000,000+ payday if they take the company for $130+ a share.
All done and said he will probably take home over $400,000,000 dollars.
PotashCorp Chief In Line For $370 Million
Financial Times | August 20, 2010 | 09:33 AM EDT
The chief executive of PotashCorp [ POT 148.40 +0.47 (+0.32%) ] stands to make at least $370m (â¬288.7m) if BHP Billiton succeeds in taking over the company for $130 a share and possibly more, if market expectations of a higher bid, possibly from China, prove accurate.
Bill Doyle, chief executive since 1999, has amassed ordinary shares and options that are worth $372m at BHP Billitonâs [ BHP 67.18 -1.00 (-1.47%) ] opening bid, according to a calculation by the Financial Times.
Mr Doyle owns 2.9m options exercisable at strike prices from about $10 to about $60 a share. He also owns nearly 470,000 ordinary shares, according to the companyâs latest regulatory filling in February.