Tuesday, May 09, 2006
Upping the Ante at SAP
Upping the Ante at SAP: "Hamm
What does a company do for an encore when it dominates its core market, grows at twice the speed of its industry, and sees its stock price rise 40% in the past 12 months? If you're SAP (SAP) of Germany, you double down your wager.
On May 9, SAP is announcing that it will pay 300 million euros ($381 million, at current exchange rates) to several hundred managers and key employees if they can double the market capitalization -- with a $57 billion starting point -- by the end of 2010. A third of that would go to the top seven executives.
What does a company do for an encore when it dominates its core market, grows at twice the speed of its industry, and sees its stock price rise 40% in the past 12 months? If you're SAP (SAP) of Germany, you double down your wager.
On May 9, SAP is announcing that it will pay 300 million euros ($381 million, at current exchange rates) to several hundred managers and key employees if they can double the market capitalization -- with a $57 billion starting point -- by the end of 2010. A third of that would go to the top seven executives.
