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Marriott Vacations: Board Compensation Structure Reveals 151% Upside Thesis
Marriott Vacations Worldwide (VAC) appointed proven turnaround executives with compensation tied to aggressive targets: $145 stock price (151% upside from $57.76) and $950M adjusted EBITDA. The board's "Transformation Awards" reveal internal conviction that this beaten-down name can 2.5× in three ye