The CEO of the world's biggest record company just got a new contract with stock options worth as much as $100 million
that Grainge's annual salary would be reduced by more than two-thirds to $5 million, but he could earn a bonus as high as $10 million if he hits performance-related targets.
Half of the $100 million equity option will be paid out in installments if the share price hits the targets of 26.50 euros, 30 euros, and 38 euros. The stock closed Friday at 23.30 euros in Amsterdam, valuing the company at just over 42 billion euros . Universal has hovered around that valuation since listing in the Netherlands in September 2021.
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