Just when you thought it was safe to go back into the market... Along comes Cava (CAVA), with its first-day 99% pop to around $40. And it's a Mediterranean fast-casual restaurant chain, no less, which is another way of saying it has nothing to do with artificial intelligence ("AI") or tech, for that matter.
Frequently the best part is seeing how much $ the C Suite sucks out of the low margin business. They are typically among those few getting rich from the deal (along with the "helpers").
For many in management it is a long awaited pay day IF they are able to get any cash out. Often it is no cash just more illiquid equity shares that must vest over time but ow have a public market valuation that they can look at daily and borrow more easily against than a prviate market valued equity stake up to a samll percentage of the total value (now that banks like SVB are gone, lol)
Sure, it can cut both ways but I was not citing "management" as much as the more common C suite disclosure - "For the fiscal year ended December 28, 2022, our last completed fiscal year, the annual total compensation of the individual identified as the
median compensated employee of the Company (excluding our CEO) was $16,388. The annual total compensation of our CEO, as reported in
the Summary Compensation Table, above, was $3,345,836. Pursuant to Item 402(u) of Regulation S-K the resulting ratio to the compensation of
Frequently the best part is seeing how much $ the C Suite sucks out of the low margin business. They are typically among those few getting rich from the deal (along with the "helpers").
For many in management it is a long awaited pay day IF they are able to get any cash out. Often it is no cash just more illiquid equity shares that must vest over time but ow have a public market valuation that they can look at daily and borrow more easily against than a prviate market valued equity stake up to a samll percentage of the total value (now that banks like SVB are gone, lol)
Sure, it can cut both ways but I was not citing "management" as much as the more common C suite disclosure - "For the fiscal year ended December 28, 2022, our last completed fiscal year, the annual total compensation of the individual identified as the
median compensated employee of the Company (excluding our CEO) was $16,388. The annual total compensation of our CEO, as reported in
the Summary Compensation Table, above, was $3,345,836. Pursuant to Item 402(u) of Regulation S-K the resulting ratio to the compensation of
our median compensated employee is 204 to 1"
not really
I don't know why you can get it delivered to your door, but not your table.