Fairways $12.1M Board Payday Tops Apple as Shares Plunge

The video discusses Fairway, a small grocery chain in New York City, which paid its board of directors more than major companies like Apple, AT&T, and Google combined. Despite its low market cap of $150 million, Fairway's board received $12.1 million in stock awards. This unusual practice is linked to its private equity ownership, where board members are partners at the equity firm. The video explores how private equity firms typically don't pay directors' fees and contrasts this with Fairway's approach. It also highlights the lack of compensation analysis due to the JOBS Act and the company's significant stock decline.

Which grocery chain in New York City paid its board more than major companies like Apple and Google?

• Whole Foods

• Fairway

• Trader Joe's

• Kroger

What was the market cap of Fairway when it was compared to Whole Foods?

• $1 billion

• $50 million

• $500 million

• $150 million

What unusual practice did Fairway's private equity firm engage in regarding board compensation?

• Providing luxury benefits

• Offering high salaries

• Awarding significant stock awards

• Paying directors fees

Under which act does Fairway not have to report a compensation discussion and analysis?

• Securities Act

• JOBS Act

• Dodd-Frank Act

• Sarbanes-Oxley Act

What percentage did Fairway's stock fall this year?

• 50%

• 80%

• 60%

• 75%