Typical management sleaze. This guy knows the market and he knew when the gettin’ out was good. The guy’s old enough to have gone through several market cycles.
They, management and directors, are even admitting that CEO’s are overpaid. The cat’s getting out of the bag on this one.
If you have not been dead that last 20 years, you should have noticed that companies and maybe even the country have been run for the benefit of upper management.
Typical management sleaze. This guy knows the market and he knew when the gettin’ out was good. The guy’s old enough to have gone through several market cycles.
They, management and directors, are even admitting that CEO’s are overpaid. The cat’s getting out of the bag on this one.
If you have not been dead that last 20 years, you should have noticed that companies and maybe even the country have been run for the benefit of upper management.
While unfortunate, this should come as no surprise. When you purchase shares in a huge publicly-traded company with a Board largely hand-picked by the CEO, and the ownership of the company is so dispersed and unorganized that management can do practically whatever it wants with impunity… you’re begging for trouble.
This is another reason it amazes me that publicly-traded stocks trade at such ridiculous valuations (at certain times, like now). More often than not, you’re paying $1.00 for three quarters and management screws you at the same time. I just don’t get it.
While unfortunate, this should come as no surprise. When you purchase shares in a huge publicly-traded company with a Board largely hand-picked by the CEO, and the ownership of the company is so dispersed and unorganized that management can do practically whatever it wants with impunity… you’re begging for trouble.
This is another reason it amazes me that publicly-traded stocks trade at such ridiculous valuations (at certain times, like now). More often than not, you’re paying $1.00 for three quarters and management screws you at the same time. I just don’t get it.
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