Citrix board engaged in self-dealing and over compensation .

Citrix was sued in 2015 by shareholders. They settled in 2016. They were compelled to apply remedies in 2017. The board was found to have breached fiduciary duties, committed waste of corporate assets and granted excessive compensation to themselves.

Here is a summary by a lawyer of Calma v. Templeton

http://www.meridiancp.com/insights/news/settlement-director-pay-lawsuit-provides-best-practices-framework/

When you look at the insider trading page on NASDAQ it doesn't appear that Citrix has changed much. Since 12/31/2015 board member RC acquired stock worth $13+ million, sold stock worth $16+ million and currently has stock worth $15+ million. Not bad for coming to a few meetings.

http://www.nasdaq.com/quotes/insiders/calderoni-robert-600960

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The wheel turns 360 degrees again and the same directors that went free last time are dipping into the well Again.

What are the chances anything will happen to them this time ???

Interesting, finally, in this settlement, Citrix and Citrix stock holders where penalized for paying legal fees and not these directors. These directors went free.

Sure, they won't go free from god's court. Pray god will teach them lesson some other way for playing with other little hard working innocent people. In mean time, we should try to bring this to SEC and stock holder's notice as much as possible.

These actions are sending citrix over the SEC ethics violations cliff. Unfortunately all us little people will pay the price while the VPs and above will go free to repeat it again at another unsuspecting company.

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Citrix board engaged in self-dealing and over compensation .

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