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Stock impact report

Workday shed $40 billion in value. Founder Aneel Bhusri is back with a $139 million bet he can turn it around [Fortune]

Workday, Inc. - Class A (WDAY) 
Last workday, inc. - class a earnings: 2/27 04:01 pm Check Earnings Report
Company Research Source: Fortune
Recommended Video Bhusri's return to the top job at the human resources software company reflects the belief that only a founder with billions on the line and a personal legacy at stake has the unique vision and authority to steer the ship through difficult waters. And with majority voting control plus operational authority as CEO, Bhusri will have more power to make any difficult changes he sees necessary. A close look at Bhusri's compensation package however suggests that it's also an acknowledgement of just how bleak the investor prognosis is for software-as-a-service (SaaS) companies. To lure Bhusri back to the CEO job he left two years ago, Workday is giving him a $138.8 million pay package comprised of cash and performance-based and restricted stock. More than half of the package, $75 million, only pays out if Bhusri can hit a series of undisclosed stock price targets over the next five years. Perhaps more telling is the other half: Roughly $60 million in restricted stock r Show less Read more
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