Dear Peter Huntsman,
Congratulations on that fat bonus check the board of your eponymously named company decided to award you. I’m sure that $600,000 will mighty nice sitting aside the$1.5 million or so in take home pay you earned last year.
All in all, it’s not a bad outlay for an executive of a company whose revenues have fallen three years running. Indeed, after scoring a cool $632 million (and $1.1 billion in financing) as a walkaway fee after the attempted Hexion takeover went sour, maybe that would be a better business model for you. Maybe it would make up for any lost revenue from sales to Iran. It’s especially gratifying, I’m sure, after certain media reports held that none of this might have come about had the one-time object of your affection had the good sense to pony up for better lawyers.
Care if I make a humble suggestion or two for what you might do with this unexpected windfall? Take a couple hundred thousand and put it in an account for the expenses of the 1,200 or so employees Huntsman let go last year. Set aside a few extra bucks for Sam Scruggs, your former general counsel who, oddly enough, “resigned” on Dec. 28. (Talk about bad timing.) But don’t bother renewing those opera tickets, because apparently you are tone deaf.