Monsanto CEO gets well-deserved $600 million bonus for last year

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The Chairman and Chief Executive Officer of Monsanto, Hugh Grant, received a performance bonus of more than $600 millions for the 2015 fiscal year, announced the multinational agrochemical and agricultural biotechnology corporation this morning.

After being questioned on the subject by investors on Wednesday during Monsanto Second Quarter Fiscal Year 2016 Earnings Conference Call, the company Board of directors released the information this morning, announcing that it had granted Mr. Grant $603.45 million in annual bonus, including $574 million in restricted stock units.

Chief Financial Officer and Senior Vice President, Pierre Courduroux, justified the bonus by saying that despite the fact that the year was a bit disappointing in terms of sales and profits, the company had built some “very solid and concrete bases” for many future projects.

“Some of you might be alarmed by the plummeting profits, but we are extremely optimistic for the future,” Mr Courduroux told reporters. “In the last year, we were victims of ridiculous accusations concerning the Zika virus, but we expect some record profits over the next few years. We’ve made a lot of investments which should start paying up soon, and we’ve decided to reward Mr Grant for the important role that he played in generating these future profits. This guy is a genius, and $600 million is a very small price to pay for such a brilliant mind!”

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According to Mr Courduroux, the false accusations made by some South American doctors, which had linked one of their products with the numerous cases of birth defects, are largely responsible for the fall in the company’s profits.

Monsanto announced on Wednesday, that its profit had fallen by 25% in the second quarter compared to the same period a year ago.

According to most experts, the company has suffered as farmers cut back on spending, squeezed by plummeting commodity prices. Its bottom line has also been pressured by the strong dollar and price cuts on products, spurred by competitors.

Despite these setbacks, the leader board of the corporation, which has a long history of working with agricultural producers to boost yields and come up with valuable innovations, seems confident to be able to bounce back over the next few months.

5 Comments on "Monsanto CEO gets well-deserved $600 million bonus for last year"

  1. Let us think of two classes, here.
    STOCKHOLDERS and STAKEHOLDERS.

    One makes money on someone elses work..
    The Other does the work.

    Stockholders and executives who make more then 3 million dollars per year should have 75% of their earnings TAXED at 50%.

    That’s what we did to win wars.
    We taxed the ones that made the profits.

    MONSANTO AND DOW made millions from US (taxpayers) developing insecticides that killed us and the environment, among them, agent orange. They entered our foodchain…
    They slowly sold (non-heirloom) engineered, inferior seeds so farmers would have to buy MONSANTO chemicals to help their inferior seeds (hybrid, so no seeds for the farmer). And, when those seeds would not fight off other insects, they sold the farmer MORE chemicals…
    Perfect Income Generator: sell an inferior product (a little at a time), then get free R&D money from government to develop a chemical to fix the seed they screwed up in the first place…Oh, and don’t forget the BILLIONS of dollars they are getting for CANCER DRUG research.
    THEN, when their chemicals kill the bees, get HUGE dollars from US (taxpayers) to develop another creature to replace the bees THEY KILLED…
    This is no different then the savings and loan SCANDAL…
    BREAK UP MONSANTO, PUT THEIR OPERATION OFFICERS AND BOARD IN JAIL FOR 10 YEARS, AND GET BACK TO SMALL FARMS… rather then wait for Monsanto to OWN THE VERY THINGS THAT KEEP HUMANS ALL OVER THE WORLD ALIVE….FOOD.
    Dissolve their stock or divide it up to each American taxpayer from 1950, through, 2015.
    This time the WORLD WINS, THE BEES WIN, THE FARMER WINS, AND THE TAXPAYERS WIN.

  2. Colleen Marie | May 4, 2016 at 1:58 pm | Reply

    If I had buckets of money some people would simply disappear

  3. Fran Gershwing | May 4, 2016 at 11:58 pm | Reply

    The face of capitalism!

  4. Hell no to GMO. This company is poisoning us all! We don’t need toxic chemicals and frankenfood to feed us. Let’s give people more cancer. Thanks Asshat

  5. Elizabeth Hazel | May 5, 2016 at 9:05 pm | Reply

    Mr Grant deserved 6 million boxes of cat poop mailed to him from angry consumers around the world. Monsanto’s corporate charter should be voided and the entire executive staff handed indictments, penalties, and the costs of cleaning up the environment they’ve trashed.
    Giving this man millions is a slap in the face of citizens of the entire planet.

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