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Healthways (HWAY) CEO Ben Leedle had a base salary of $685,000 for the company’s latest fiscal year. Healthways managed to miss it guidance and get downgraded by Jefferies & Co. Those factors took the stock down by 24% this morning to just above $19, a new 52-week low. The period high is $71.22.
Since the beginning of the year, Healthways stock is down over 60%.
Last year, Leedle had total compensation of over $4.8 million. If he leaves the company under certain circumstances, or there is a change of control in ownership, Leedle can make almost $13 million.
Healthways market cap is only $635 million now. A lot of the company’s shareholders have been devastated. Leedle still has not asked for a pay cut.
Douglas A. McIntyre
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