Plum Creek Timber's CEO Rick Holley received a $1.86 million bonus in the form of 44,445 restricted company stocks on Feb. 3 2014.
On Dec. 12, Holley gave back his awarded bonus because company shareholders had not seen a return in their investments during his tenure as CEO, according to a Securities and Exchange Commission 8-K filing.
This perhaps should be brought up to this inept management. I have been saying right along... nothing more than their salary is due for this sorry leadership.
Pas, their philosophy is why buy, when you get for FREE and SELL right away! The best news I'll hear is, when another company takes over and fires them!
"speaks in our view to the profound frustration of the investor base to the entrenchment actions taken by this Company's Board of Directors"
Yes. Simply yes.
I say no options, no bonuses until jdsu conducts itself better. If they don't like it... leave.
12:35 pm JDS Uniphase: Sandell Asset Management issues statement after the release of final voting results from the JDSU's 2014 Annual Meeting of Stockholders, 'results should be a wake-up call to the Board of Directors ' (JDSU) : "Sandell is encouraged by the support it received from JDSU stockholders, who together voted approximately 57.9 million shares 'AGAINST' current Director Martin Kaplan, or more than 34% of the shares voting at the Annual Meeting. Furthermore, Mr. Kaplan was elected with only 47% of total outstanding shares voting in his favor; approximately 35.4 million shares either voted to abstain or were broker non-votes. The fact that Sandell was able to generate such strong support without actively soliciting proxies from stockholders speaks in our view to the profound frustration of the investor base to the entrenchment actions taken by this Company's Board of Directors (the 'Board') and its refusal to conduct a more fulsome process to unlock stockholder value."
Yes I am the CEO.
My question is are you happy with the price action over the last few years?
Look at a long term chart and tell me you are.
If you are happy than put me on ignore.
Now we are both happy.
How many times do you keep posting JDSU is bad, please go ahead and short the stock. Are you an disgruntled ex-employee?
Sentiment: Strong Buy
From a P&F chart standpoint, you have to like breaking through $14 today.
Both JDSU and FNSR is up 5+ % today
By Tiernan Ray
Shares of fiber optics component maker Oplink Communications (OPLK) are up $2.93, or almost 14%, at $24.18, after the company this morning agreed to be bought by conglomerate Koch Industries, the privately held enterprise of the Koch family, for $24.30 per share in cash, or $411.5 million.
In a note to clients this afternoon, Mark Sue of RBC Capital Markets thinks the deal is a sign of looming consolidation in optical:
We believe the entrance of a well-capitalized buyer from outside the traditional optical space changes dynamics and may increase the pace of industry consolidation that has been foreshadowed over the past year [...] Current fab utilization rates remain low with over-capacity with optical component vendors unable to charge a premium for their innovation. Gross margins are currently weighed by competitive pressures with optical component makers willing to cut pricing to account for high fixed costs, weighing on overall industry profitability. Finisar (FNSR), we believe, may be a net consolidator of optical assets, while JDSU (JDSU) as well as smaller players like Oclaro may be net sellers of assets. A large well-capitalized competitor like Koch Industries could change industry dynamics, turning once buyers into potential sellers. Less
Was held today in San Francisco and both JDSU and Finisar presented at it. Either both compamies had very positive things to say or today's action is based on the speculation that Finisar is close to a deal to acquire JDSU's optical business. FNSR was up 6.7% and JDSU 5.1%. The moves are too large to be purely random.