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Opendoor’s New CEO Could Rake in $2.78 BILLION! Is This the Ultimate Power Move?
Brace Yourselves, Opendoor is BACK in the Game!
Opendoor Technologies has just made THE move of the decade by appointing Kaz Nejatian as their new CEO! With an audacious compensation package that could skyrocket him to a jaw-dropping $2.78 billion, he’s set to seize almost 12% of the company! But hold onto your seats—he’s got to WORK for it by TRIPLING the company’s stock price!
Founders Are BACK to Rescue Opendoor!
In a dramatic twist, the original architects of Opendoor, Eric Wu and Keith Rabois, are returning to the helm to inject their “founder DNA and energy”! With a whopping $40 million investment, they’re all in and ready to steer this ship back to success. With Wu steering the ship from 2013 to 2022 and Rabois, a seasoned board member from big names like Reddit and Yelp, clutching the chairman title, they’re set to make a massive impact!
Kaz Nejatian: The Man of the Hour!
“Literally, there was only one choice for the job: Kaz,” Rabois declared in pure confidence! Nejatian is shaking up the ordinary formula for CEO pay with a massive equity-heavy plan directly linked to stock performance. He’s left his position as COO at Shopify to make this leap—and he’s getting a $15 million cash bonus and another $15 million in stock units to sweeten the deal.
Stock Price: The New CEO’s Challenge!
But here’s where it gets super intense! Nejatian’s performance hinges on an astronomical stock price leap! With an initial award of nearly 41 million shares, if he can keep the company’s stock average above $6.24 for just two months—he’s golden! After a meteoric rise over 78% post-announcement, are we witnessing the dawn of a new era for Opendoor?
The Ultimate Moonshot: Stock Price Targets Galore!
Nejatian’s aiming for the stars with performance awards featuring jaw-dropping stock price milestones that could skyrocket his payout to $2.78 billion! Price targets start at $9 and go all the way up to $33! Can he do it? Only time will tell!
With intense stakes and a billionaire’s vision, Nejatian’s lead at Opendoor promises to be nothing short of a wild ride. Will he rise to the occasion, or will this be a crash like no other? Stay tuned, because this saga is just beginning!
Get Ready for an Opendoor Revolution—Will YOU be a Part of It?
photo credit: fortune.com
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