UNDERMINING PAY FOR PERFORMANCE

摘要

This summer was a good one for Wylie Plummer. The Semtech Corp. vice-president's 170,000 company shares were worth $10 million on Aug. 31—up from $3.8 million three months earlier. But as the outlook worsened for the cellphone market, the stock took a hit. By Dec. 22, Semtech had slumped from $59 to less than $18. So Hummer's holdings were worth just $3 million, right?