When, oh when, will the Board fire this clown 🤡
8 replies (most recent on top)
He is the poster child of the BOD. Aren't we blessed
Sadly, he is not. SLT and the board are riding this into CH11. There is too much debt to be bought out by Kyocera, or something. They ride this into CH11, clients flee, then CH11 fails, and we go into to CH7 liquidation. They are buying themselves a few years, albeit miserable ones.
You have to think he's on the chopping block.
Sad to see the stock close under $3. But hey, it's up after hours, so there's that.
First of all, he gets grants not options. Most of his comp is not cash. Big difference. Second the board is supporting making Steve and certain SLT members whole because of the share value decline. Read the proxy statement from May. As I said before, it’s a club and you ain’t in it.
HA! No, it's actually worse. In CH11, stock is no loner traded or issued, and mgmt still needs to be paid. They will actually pay him cash in lieu of his options. Same with the board. SB could make more money if the company goes t-ts up
His experience in business is worth every penny of that $14,300,000 compensation.
In what world you think that is even possible? He must laugh at all the stock holders.
So, in CH 11 he still maintains that amount?
They aren't. In a CH the company is liquidated and the board is dissolved. In a CH11they are usually retained, and continue to draw a paycheck94