The financial backdrop
Easing Shacknai out of his company would be more of a psychologically difficult problem than a financial one. A severance could net him an annual bonus plus $6.7 million in unvested stock, according to SEC disclosures. He took home $6.3 million in compensation last year.
He also netted $1.4 million on July 6 when he exercised 276,290 options at $26.95/share (total $7,446,015) and sold 224,426 of them at $39.70 on the same day (total $8,909,712). The month before, on June 10, he moved 123,222 shares to an irrevocable trust for the benefit of his children.
Shacknair currently owns 832,856 shares of MRX, which has 150 million Class A shares, 1 million Class B shares and 5 million preferred shares outstanding.
MRX has fallen since Zahaus death. If the police were to bring charges in her death even if Shacknai had nothing to do with it ...
If the police return a verdict of suicide, Medicis has a chance of getting back to normal. If not, then Shacknai faces some unpleasant, and unfair, conversations with his colleagues.