Align execs get bonuses for work during year in which company axed 10 percent of employees
Align Technology, which let go about 10 percent of its employees last year, reported last week that it paid out nearly $500,000 in bonuses among its four of its top executives.
Thomas Prescott, the company’s chief executive, was awarded a $275,000 $244,325 bonus (Align corrects with higher figure in an amended filing), while Len Hedge, senior vice president of business operations, was given a $141,000 bonus. Roger George, the company’s chief lawyer, was given $107,000 in bonus cash and Kenneth Arola, the company’s chief financial officer, got a cash bonus of $101,000.
We previously posted regarding the company’s plans to relocate some of its Santa Clara operations to other countries.
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I guess that’s why Align had to raise their prices…