07-15-2020, 04:13 AM
Obviously Harley had some issues prior to the Covid19 pandemic and the current business environment isn't making things any better for the MoCo.
After reading about the lay-offs in Ferret's post above I searched for and read the article.
1). Harley is replacing their top financial guy with someone that ran a sneaker company. The previous guy came to Harley via being a comptroller for Kraft foods. Something tells me with or without him the company would have been profitable through the past 17 years. For the company's past year performance he received":
John A. Olin made $3,309,966 in total compensation. Of this total $671,375 was received as a salary, $816,325 was received as a bonus, $0 was received in stock options, $1,746,053 was awarded as stock and $76,213 came from other types of compensation. This information is according to proxy statements filed for the 2019 fiscal year.
He received more in a performance bonus then he got for his base pay in a DISMAL sales year.
Now a tennis shoe exec is up next:
Jochen Zeitz (born April 6, 1963 in Mannheim, Germany) is the President, CEO and Chairman of the Board of Harley Davidson, Inc.[1] He served as the Chairman and CEO of PUMA, the global Sporting Goods company for 18 years. He also served as Board Member of Kering, the luxury goods company, and chaired their Sustainability Committee for whom he developed its global sustainability strategy. In addition to this Zeitz also served on the board of Wilderness Safaris. Zeitz is currently a Board Member of Harley Davidson, Cranemere, and the Kenya Wildlife Service (KWS). Jochen Zeitz is also the co-founder of The B Team[2] with Sir Richard Branson and Founder of the Zeitz Foundation to support sustainable solutions that balance conservation, community, culture and commerce.
He had a great run at PUMA. Will be interesting to see what happens now at the MoCo. For myself, I'm betting not much. Sustainability and Green are all over his bio. The MoCo's bread and butter motor platform runs counter to that.
After reading about the lay-offs in Ferret's post above I searched for and read the article.
1). Harley is replacing their top financial guy with someone that ran a sneaker company. The previous guy came to Harley via being a comptroller for Kraft foods. Something tells me with or without him the company would have been profitable through the past 17 years. For the company's past year performance he received":
John A. Olin made $3,309,966 in total compensation. Of this total $671,375 was received as a salary, $816,325 was received as a bonus, $0 was received in stock options, $1,746,053 was awarded as stock and $76,213 came from other types of compensation. This information is according to proxy statements filed for the 2019 fiscal year.
He received more in a performance bonus then he got for his base pay in a DISMAL sales year.
Now a tennis shoe exec is up next:
Jochen Zeitz (born April 6, 1963 in Mannheim, Germany) is the President, CEO and Chairman of the Board of Harley Davidson, Inc.[1] He served as the Chairman and CEO of PUMA, the global Sporting Goods company for 18 years. He also served as Board Member of Kering, the luxury goods company, and chaired their Sustainability Committee for whom he developed its global sustainability strategy. In addition to this Zeitz also served on the board of Wilderness Safaris. Zeitz is currently a Board Member of Harley Davidson, Cranemere, and the Kenya Wildlife Service (KWS). Jochen Zeitz is also the co-founder of The B Team[2] with Sir Richard Branson and Founder of the Zeitz Foundation to support sustainable solutions that balance conservation, community, culture and commerce.
He had a great run at PUMA. Will be interesting to see what happens now at the MoCo. For myself, I'm betting not much. Sustainability and Green are all over his bio. The MoCo's bread and butter motor platform runs counter to that.