Hasbro CEO Goldner’s Stock Value Swells to Over $100M
Thursday, November 08, 2018
While Hasbro is cutting staff and looking to move its corporate from Pawtucket to Providence or beyond, the value of Brian Goldner’s stock holdings continues to explode.
According to U.S. Securities and Exchange Commission's filings, Goldner spent $1 million to buy stock on October 29. Those 11,000 additional shares of Hasbro stock brought his total stock holdings in Hasbro to 1.005 million shares. On Wednesday, Hasbro stock closed at $100.40 per share bringing the value of Goldner’s stock holding to more than $100 million.
Last month, Hasbro laid off hundreds of employees and Goldner announced to employees at an internal meeting that some staff will be shifted to Los Angeles, according to multiple sources.
GET THE LATEST BREAKING NEWS HERE -- SIGN UP FOR GOLOCAL FREE DAILY EBLASTRepeated requests to Hasbro’s corporate communications department regarding the meeting went unanswered.
As GoLocal first reported in 2017, Hasbro is looking to consolidate its corporate office and multiple sites in RI to Providence have been under consideration.
CEO Makes 160 Times Median Employee Pay
According to the AFL-CIO, the median salary of a Hasbro employee was $74,207, and Goldner’s total compensation for the year 2017 was $11,854,389. His compensation was comprised of:
Salary $1,500,000
Bonus $0
Value of Stock Awards $3,401,482
Value of Option Awards $3,272,528
Non-Equity Incentive Plan Compensation $3,000,000
Change in Pension Value and Deferred Compensation Earnings $175,505
All Other Compensation $504,874
Total $11,854,389
Thus, in 2017, the CEO of Hasbro made 160 times its median employee's pay.
Stock Performance
And while Hasbro has been cutting and moving employees, the company’s stock continues to be volatile and over the past year swinging from a 52-week low of $79 per share to as high as $109 per share.
Reuters reported on October 22, that the third quarter performance disappointed Wall Street, “Toymaker Hasbro missed analysts' estimates for quarterly revenue and profit on Monday, as the demise of major retail partner Toys R Us hurt sales in the United States and Europe, sending its shares down 9 percent in early trading.”
Providence HQ
In December, GoLocal broke an exclusive story that unveiled what could be the biggest business story to hit Providence in decades.
GoLocal learned that a plan by two real estate mega-forces, Providence developer Joe Paolino of Paolino Properties and Bob Gilbane of Gilbane Development, developed a plan for Hasbro that would build an approximately 36 story tower at the location of the now vacant Superman Building.
The new structure was being pitched to Hasbro for its new consolidated headquarters. The Paolino and Gilbane plan is just one of a number of plans submitted, but the only one that includes the demolition of the Superman building. Some of the other proposed offered for Hasbro's consideration include building a campus for Hasbro on 195 lands. Other potential developers include Procaccianti Companies who "has owned, developed or managed millions of square feet of real estate." The company owns the Renaissance Hotel in Providence to name just one of its holdings.
Related Articles
- Hasbro Ranked 1st on 2017 100 Best Corporate Citizens List
- RI Comic Con, Hasbro Spar Over Marvel Comics Icon Stan Lee’s “Last New England Appearance”
- Hasbro Invites Rapper Who Hypes N-Word, Promotes Misogyny & Drugs in Lyrics to HASCON Family Event
- EXCLUSIVE: Hasbro Looking at Superman Building to Create Providence Campus
- RI & Hasbro Children’s Hospital Experts Offer Tips to Avoid Scalding Injuries
- Hasbro, Inc. Announces Earnings of $175.76 Million
- Hasbro Inc. Ranks as Most Community Minded Company in America
- Hasbro Inc. Launches “Be Fearless, Be Kind” Program to Teach Empathy to Kids
- Did Pawtucket Chase the Wrong Ball — Memorial, Gamm, and Potentially Hasbro All Gone
- UPDATED: Plan to Build Hasbro Headquarters in Providence—Demo Superman Building
- Hasbro Makes Staff Cuts—Potential Investor Lawsuit Looms
- Hasbro in “Early Development” Stages of Power Rangers Sequel
- Hasbro Announces Net Revenues Decreased 12% in Third Quarter
- 7-Year-Old Battling Leukemia Gets Special Visit from Karate Master at Hasbro Children’s Hospital
- Hasbro Purchases Power Rangers Franchise From Saban for $522M
- Toys ‘R’ Us Could Close All U.S. Stores and Liquidate — Adverse Impact on Hasbro
- Restaurateur Burke: Build Hasbro HQ Across Street from Superman
- RI Leaders and Experts React To Hasbro Tower Proposal and Demolition of Superman Building
- Could the Superman Building Be Imploded to Make Way for Hasbro HQ?
- Hasbro Donates 30,000 Toys and Games to Children in Puerto Rico
- VIDEO: Grebien Appeals to State to Help Keep Hasbro in Pawtucket