A few weeks back, the present employee managers at GT Advanced Technologies put forward an incentivization plan that included a cash bonus for selling the Company's valuable ASF (Sapphire Crystal Growth) Furnaces and hitting R&D & CAPEX targets.

The plan they submitted had multiple problems which I pointed out in the objection I filed (viewable here)

Each problem arose from the criteria for qualifying for said bonus which the Managers put into the plan,

1. They sought bonuses on total revenues for Sapphire Furnaces sold (which means they could have sold the Furnaces far below market value, producing no value for the business, and still hit their bonus criteria)

2. They seek bonuses for hitting R&D and CAPEX Targets or lower (i.e. cutting expenses, the major problem with their R&D and CAPEX targets is that the Company is already scheduled to experience significant reductions on these Criteria because they've completed developing on their major Hyperion 4 product)

I laid out the problems in more detail in the objection linked above.

Since my objection, the managers were forced to file a new incentivization plan. The employee manager's new plan is still a self-serving piece of crap, but at least the first one was laid to rest.

This one will have to bite the dust as

edit link to objection here http://www.kccllc.net/gtat/document/1411916150114000000000010