Thank Goodness!

I was afraid Mark was going to starve after the terrible year we had.

https://www.bizjournals.com/twincities/news/2018/08/06/patterson-ceo-mark-walchirk-made-4-million-in.html

In case that link doesn't work:

Mark Walchirk was compensated $4 million in his first year as president and CEO of Patterson Cos. Inc. The big chunk of Walchirk's compensation came from almost $3 million in stock awards, according to a new filing with the Securities and Exchange Commission. He took over the top spot at the Mendota Heights-based dental-and veterinary-supply distributor last November.

The median employee compensation for Patterson employees was $55,269. The CEO compensation to median employee ratio is 115:1 (Walchirk’s annualized total compensation for the fiscal year is $6.3 million and is the figure used for the ratio.)

Patterson (NASDAQ: PDCO) is Minnesota's 15th-largest public company when ranked by revenue.

Walchirk's pay package is detailed below, along with compensation for other top-paid executives:

Total compensation

• 2018: $4.03 million

Salary

• 2018: $383,591

Bonus

• 2018: $100,000

Stock Awards

• 2018: $2.97 million

Option Awards

• 2018: $322,917

All other compensation

• 2018: $258,748

Compensation for other named executives

• Kevin Pohlman, president of Patterson Animal Health: $992,568 (up 87 percent)
• Les Korsh, vice president, general counsel and secretary of Patterson Cos.: $834,792 (up 17 percent)
• James Wiltz, director and former interim president and CEO of Patterson Cos.: $669,805 (no prior year)
• Scott Anderson, special advisor former president and CEO of Patterson Cos.: $871,918
• Dennis Goedken, controller and former interim chief financial officer and treasurer: $266,857
• Ann Gugino, former executive vice president, chief financial officer and treasurer of Patterson Cos.: $1.27 million
• David Misiak, former president of Patterson Dental North America: $937,629

 

This is the same guy that stood in front of the unwashed masses onstage in Vegas and told us there would be no pay cuts and the profit sharing would be fully funded again. Said he was used to working for companies where the salespeople made more than upper management. Lol.

More disturbing than Marky Mark's compensation is the fact that dipshit pumpkin head pulled a cool $937k while doing nothing more than dodging the hatchet and coffee talking. That one is infuriating.

 

Well, I think it’s clear what the 2% commissions tax is truly subsidizing here

 

2% commissions tax? I don’t recall seeing that in the comp plan. Please explain. Thanks.

 

Anderson and Gugino get over a million each in an “advisory” role on the way out the door. Probably be best if we did the exact opposite of whatever they advised.

The whole thing stinks more like Enron every day.

 

Speaking of Enron...Dentsply Sirona stock crashing as we speak. All attributed to tech equipment inventory issues with distributors. Ahem...cough...cough...

 

Woah. Massive drop on another billion loss in value. Dragging us and Schein down today with them. Wtf people? Why isn’t anyone in jail?

 

HS just announced that they beat earnings expectations for the quarter and the stock is now up 15% for the year. They also announced restructuring including job cuts.

 

Because stupidity isn't a crime...

 

True nuf. But accounting fraud and insider trading is.

 

Shein is down 3% today.

 

This tax was imposed 2 years ago on all merchandise sales commissions. It’s a sneaky way for PDCO to snag a few bucks back without lowering the actual commission rate. Basically, if you sell a box of Filtek at a 30 margin, you’re only paid on it as if you sold it at a 28. Same commission rate, just paid at a lower margin. Sneaky AF.

 

That's why they’re called the Minnie Mafia. The 2% is also known in the inner circle as the Vig, or the Take , or the cut.

Either way they take care
Of themselves first.

 

“ Ask not what I can do for my company, but what can my company do for my bank account”

The Patterson Leadership Team.

 

But..,but...but...Look over there! Katy Perry!

 

Tax breaks sure did help these guys out. Bunch of self-serving aholes.

 

Tax breaks have helped all of us who are doing our part and making sales. But, like they say, "those that can, do...those that can't, post online like petulant children while watching their book of business crash and burn"

 

Yes the old quote you posted is correct.
However.....I left Patterson 8 months ago because of the ineptness and arrogance of the morons that ran the company and some that are still here continuing to run the company.
I have posted on here and my "book of business" has increased with the company I now work with. Patterson became a loser company because of the idiots like Anderson, Misiak, Rogan, Gugino and Guggenheim. I left before the stock took such a dive that the people who believed will have to work another 30 years to recoup the losses. Does Anderson Gugino, Misiak and I will include Guggenheim have that problem? I don't think so. Good luck with your thinking.

 

Hahaha,Rogen you flat headed, stunted runt. Go fuck yourself

 

I'd much rather do your mother in that dirty trailer when shes all meth'd out and desperate for cash.