After successive earnings misses throughout 2005, the company's (fourth quarter 2005) miss due to higher bonuses and restricted stock for management takes the cake in terms of being most flawed. (General and administration) expenses ran over budget on all eight lines, but most dramatically ran over on restricted stock expense and bonuses, the majority of which went to senior management members, a decision made by the compensation committee. |
I think that it's a [move] that makes sense for the company. |
Wyndham is at best a broken brand. It's more a collection of assets than a brand. |