Reports indicate Solyndra's base executive pay in 2010 was $400,000 USD [source], but another report indicates that the company's CFO received $831,000 USD [source] in total compensation that year. Thus it's likely that Mr. Harrison pocketed somewhere in the range of $500k to $1M USD before the company went under. He has refused to disclose his severance package, which may have boosted that total higher.
President Obama recently said he has "no regrets" on the decision to support loaning taxpayer money to Solyndra.
http://www.dailytech.com/Solyndra+CEO+Resigns+Clip+of+Owner+Bragging+About+Govt+Handouts+Surfaces/article23011.htm
According to an SEC filing Dr. Christian M. Gronet the founder and CEO of Solyndra, Inc. received $13.9 million worth of stock options on the same day that a $535 million loan guarantee from the United States government was announced. The filing, an amended s-1 form, details that Dr. Gronet received 10,000,000 options with a strike price of $1.39 on September 4, 2009. The very same day, Vice President Joe Biden spoke to a group of Solyndra employees and investors announcing publicly that Solyndra had “closed” a $535 million loan via the stimulus act.
Dr. Gronet founded Solyndra, Inc. under the name Gronet Technologies in 2005. The company was renamed in 2006. Before founding Solyndra, the Stanford trained Gronet was an executive with Silicon Valley chipmaker Applied Materials. In July of 2010 he stepped down as CEO of Solyndra and moved into the role of Chairman of the Board of Directors. Unfortunately for Dr. Gronet, he may never see a huge pay day from his existing shares or stock option grants. The 11 million shares he currently owns and the 10 million he received when Solyndra landed its $535 million slice of stimulus pie in 2009 will likely hold little future value. It was announced last week that Solyndra, Inc. is headed for bankruptcy court. When announcing the loan, Mr. Biden called Solyndra’s new jobs “permanent ones”. Like much of the projections attached to the 2009 stimulus bill, things didn’t go as planned.
During the announcement speech, Energy Secretary Steven Chu stated that the Department of Energy would make a total of $100 billion in loans like the one given to Solyndra in the years to come. After Mr. Chu spoke, then governor Arnold Schwarzenegger said that thanks to Solyndra it was time to say “Hasta La Vista to Global Warming.” Solyndra’s own Dr. Gronet spoke last, detailing the rise of Solyndra and mentioning the interesting tidbit that Solyndra’s prototype solar cell was actually created at the National Renewable Energy Labs in Colorado and not by private industry. He then thanked President Obama, Vice President Biden, Secretary Chu, the Governor and the U.S. Congress for the support and loan.
Other Solyndra executives also received stock grants on September 4, 2009; in total over 18,000,000 options were given to Solyndra employees that day. The Department of Energy loan to Solyndra was the first one the agency had done since the mid-1980′s.
http://yesbuthowever.com/solyndra-founder-received-millions-stock-loan-5001052/
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