Rumour has it that HPE will use the analyst call this week to announce Meg's departure, which would explain her recent stock dump. Anyone else heard this?
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Most execs have regularly scheduled sale of stock they hold that has vested. The reasons are two fold. If you wait until you retire to sell you take a greater tax hit. Meg certainly has a tax adviser. Second investors get upset when large shareholders sell at once and depress the market. So many execs are required to keep their total holdings below a certain level so their own holdings don't influence the market itself.
TYPO "HUGE" - you never in your life had a typo????
Who's this Hugh guy handing out all the bonus money and how do I get mine?
When I used to work for a good company with ethical management and CEO, when the company does not do good then no one gets a bonus. This is where when we had good ethical and honest CEO and upper management. I remember working a places like this. When the company did good, you got a bonus and when it did not you did not get a bonus. But what I am saying - if a CEO's bonuses and salary are based on stock market price like Meg's -- then to get the stock price up and not making any effort to make the company succeed by working hard to come up innovations, Meg does the simple thing by laying off people, which is a coward way out. Once the layoff is complete - the company worth is increased which saved the company money the stock price goes up and then Meg is awarded with Hugh bonuses. This is not the way to run a business. What it is, is using your inside approach to raise money for yourself in the long run and not for the company itself. Meg knows what she is planning to do with HPE - maybe sell off what is left - in a sense is inside trading and selling millions of the stock. I believe it is unethical and dishonest approach to make yourself rich by the backs of hardworking employees so she can get rich by destroying the company. This should be a criminal act of violating Sarbanes-Oxley Act (SOX) to protect shareholders and the general public from accounting errors and fraudulent practices. What I read about SOX, this equals to fraudulent practices - even though the share holders get rich too, the way to get there is wrong.
NTe9R2-fzs,,, The reason a CEO SHOULD own stock is as in investment in the company they want to grow. The reason you sell stock if you don't need the money now is because you think it is at or near the best price you will get. Or, you know it is going to tank and hope the FEC doesn't bust you for insider trading. So glad we have someone of your extensive knowledge to come and throw insults.... So trumpian.
"...and usually people sell stock just to obtain money and nothing more..."
True, as far as it goes. Spiritually advanced (AKA, just plain decent) rich people have, at times, simply HELD the stock and NOT exercised it (even if they could instead spend it on conspicuous consumption), so that other people could hold jobs and produce goods and services to the general benefit of the human race. They have even been known to hold stock till they die, and then donate it to charity.
But that is clearly not the case with the likes of The Meggot... Some folks suffer from "insatiable thirst", which can never be quenched. I somehow doubt that She knows much genuine happiness, though.
Yes, every time she sells stock. People apparently don’t realize that there is no point of owning stock if you never sell it, and usually people sell stock just to obtain money and nothing more, but critical thinking is not a strength of HPE whiners.
However, as Meg sells stock often and one day will leave, eventually one of these days the rumor sheep will be right.
Her millions are been acquired off the backs of hardworking loyal employees she decided to lay off so the company profits and she profits with Hugh bonuses. There should a criminal law, if the company is not doing good, no budget with the lies as to why there is a layoff, then NO ONE should get a bonus or raise for the upper management. PERIOD!!!
No, I haven't heard anything about when Meg is leaving but won't be surprised when it is eventually announced. Neri has been lined up to succeed her for a while now.
Good riddance to the latest CEO to head off into the sunset with their pockets stuffed with millions.