Deep Diver, I am not a Polaris employee. Executive compensation in this country is sick. It it is not as bad at Polaris as many other investor owned companies but it is still out of line with what their employees make. Corporate governance and oversight has been nonexistent at many companies for many years. The rich have gotten richer and the rest of us have gotten screwed.
Polaris can do better and would do better if their management paid more attention to the product quality and less attention to how much they are going to get paid. I ride Polaris sleds for one reason. My dealer is the best and they make them work and stand behind what they do. If they sold Ski Doos I would be riding one of those. The dealers don't make as much money as those executives in your post in most cases but they work harder and they take all of the risk. Your executive, on the other hand, has no downside risk other than getting terminated and that does not hurt too bad when you have been piling up that kind of dough for a few years. They won't come take his house and every thing he owns if Polaris fails. The dealer is in a different boat.
I hope Polaris fixes the problem but I am not sure they can ever regain their stature in the industry after the 900 fiasco and now this. On top of that, they spend their R&D $ coming out with the Rush? What the hell is up with that? How about the mountain sled segment? Ski Doo has found a way to reduce weight. Why can't Polaris?
Polaris can do better and would do better if their management paid more attention to the product quality and less attention to how much they are going to get paid. I ride Polaris sleds for one reason. My dealer is the best and they make them work and stand behind what they do. If they sold Ski Doos I would be riding one of those. The dealers don't make as much money as those executives in your post in most cases but they work harder and they take all of the risk. Your executive, on the other hand, has no downside risk other than getting terminated and that does not hurt too bad when you have been piling up that kind of dough for a few years. They won't come take his house and every thing he owns if Polaris fails. The dealer is in a different boat.
I hope Polaris fixes the problem but I am not sure they can ever regain their stature in the industry after the 900 fiasco and now this. On top of that, they spend their R&D $ coming out with the Rush? What the hell is up with that? How about the mountain sled segment? Ski Doo has found a way to reduce weight. Why can't Polaris?
