When MB continues to accumulate stock, he is continuing to be a seller. "Equity awards" to other insiders also get sold, as many shares of a departing executive were sold in summer. That executive's shares were a small number of insider shares outstanding.
BTW, have you ever wondered how much they pay for PR? Have you ever wondered why they've changed PR firms? Did they change the PR firm?
The number of shares increases at the expense of public stockholders. It's been that way all along. It's a negative, not a plus. Also, since he continues to receive so many shares, it's likely he will continue to sell those shares on the public market. He is taking for personal wealth more and more of the company. What the top executives of CRM get personally means there is less and less working capital and less and less potential gains for public stockholders.
You are referring to problems and not admitting that they are problems. It's hard to believe you could post what you do without being an insider or beholden to insiders or large institutional holders.
Actually, it's possible he's rewarded by a board that is highly rewarded. Key employees who are rewarded likely don't want to upset the situation that rewards them. While past increases in revenue may seem to justify handing out overly generous money to insiders, excessive equity rewards could be part of the reason there are no GAAP earnings. The lack of GAAP earnings has made the company appear more like a start-up *though 15 years old) than if the company did show 1 cent or 2 cents of GAAP earnings.
Anyway, this is the last day of the third quarter of calendar year 2014 (though CRM is in FY (fiscal year) 2015). Fund managers who hold CRM shares have an incentive to hold CRM up through today's close.
CRM isn't showing strength.
He holds 40 million shares now. In the past two years, he has sold 2 million shares. He has held 95% of his shares that entire time.
Today the 40 M shares are worth 2.3 $Billion.
2 yrs ago, 42M shares were worth 1.6 $Billion.
Since 2 yrs ago, 99 sales of 20,000 shr . Rounding to 100, 2M shares. @37 that is a holding of (39.590 M + 2 M) * $37 = 1.54 $Billion.
So his stake has increased by over 45% in the past two years. He's doing it by holding over 97% of his shares every year, and, growing the business
Sentiment: Strong Buy
Yeah, i didn't say that - you're talking to yourself in your dream again. Also a fantasy that you know anything about MB's motivations.
He's rewarded because he built the fastest growing tech firm of its size ever.
But is he shrinking his holdings of CRM? No. In past 2 yrs he has sold less than 2% of his stake.
Sep 26, 2014
What it tells me Rasta is that MB will not hold CRM stock so why should you? If you tell me a CEO sells rapid fire to make even more money to "diversify" when he's already a billionaire, then I have to either call "bull" on that or simply say it's greed gone wild. There is no reason a CEO should sell rapid fire when he's already a billionaire. And why, do tell, is he so richly rewarded for significant under-performance against the QQQs for the last 2 years, the last 18 months, the last 12 months, and the last 6 months? Yeah a wonderful investment.
Sentiment: Strong Sell
I agree, the additional investment tax is not on ordinary income tax and I was just using round numbers to show that our effective tax rate is indeed over 50%. But I agree completely with ALL of the above sentiments. The day that corporations become evil, and people who innovate and create jobs are severely punished by the tax code for working so hard, is the day America declines, and guess what, we're here. Huge tax increases, a government gone wild, people thinking its the gov't job to take care of them from cradle to grave - freedom is not free and we're giving ours away every day now. And that's also why I post about CRM, a company that is the poster child for corporate greed gone wild. Makes capitalism an easy target for the masses when someone like MB makes a million a day from suckers.
Sentiment: Strong Sell
Did suggestions about cybercrime push CRM back up toward resistance area? There's no evidence of contracts or other work and there aren't signs of earnings. This is the next to the last day of the quarter and stock pumpers sometimes want to stay away from pumping on the last day of the month because it looks so obvious. Thus, is today, the second to the last day of the quarter (which is tomorrow, Sept. 30) the top before CRM pulls back? Tomorrow will be the day to add to a short position, or is this the time?
39.6 on income. You pay less on capital gains. What is the additional 3.8%? On normal income? Never seen it. Capital gains would be 25% and depending on the type of that capital gains you might have additional 3%. Are you mixing ordinary income and investment income?
Yes, the government is out of control with taxes. If you own an s-corp, it flows through to personal taxes. You are now paying 50% of earnings to the government. They took no risk, but take half the profit. Now a company has cash flow, they don't have these earning sitting in the bank. So they might pay out enough to cover taxes, and they might pay out another 20%. So out of every dollar made the business makes 20%.
If just if, the government did not tax so high, just maybe business could hire more people. Why invest when the government gets the lions share?
The press has done a great job of telling the world corporations are evil. Rich are evil. They have told the US people, you don't need to worry, we will tax the rich, and give it to you. It's just not working.
I don't know what tax bracket you are in, but yes, the government is out of control and it will fail.
Top Federal Rate equals 39.6%, PLUS an additional net investment tax of 3.8% means as much as 43.4% federal. California maximum tax rate is 13.30% for a total incremental tax burden on every dollar made above $250K of 56.7%. And that's before California sales taxes of like 10% and all other taxes a person pays (property taxes). Now for every dollar above $250K, deductions go away so one gets pretty close to a well above 50% tax rate pretty quick. It's only my charitable deductions that "save" me but Obama wants to get rid of those too. Is someone living in Los Angeles making $250K rich? A simple house costs over $1.0M. I'm NOT saying exactly what bracket I am in it's just shocking when I get my paycheck and a pure disincentive to capitalism that will cause the USA to look much more like Socialist Europe, in fact we're already there. My spouse could not work if she wanted to, the government assures that as every dollar she makes would be taxed at my incremental rate.
Sentiment: Strong Sell
He has sold steadily for years. He has disposed of at least 10% of the float. (Haven't checked the #s) It keeps going up in the face of this steady selling. What does that tell you? What will happen when he is done selling?