Maybe CI can put together a consortium al a Buffett with 3G (Brazilian is fine) and get this party started!!! CI of course would need to violate the 20% agreement to do this. When he decides to do it, or something like it everyone will say "I told you so"!!!!! ----- meanwhile back on planet Earth ........... Is the value there???
Problem is, unless CI and friends can overtake them, this management team would have to be convinced to give up their cozy little stock option printing machine ... which they probably feel is the best thing they've stumbled upon since sliced bread
Such shenanigans would not surprise me, use. CI did not attain his status & reputation in the investing world by being a choir boy---he's a gonif...plain and simple.
One risk we all run is that CI takes it Private for $20 or so, sells of some pieces including patent packages, for $30 and resurrects it in an IPO for another $10/share. Not a pretty picture.
Your point is well taken. It's not a matter of why "would" institutions buy this pos but why "do" they? There seem to be plenty of buyers at the $13.50 - $14.50 level, waiting for something.
That is more what I think (certainly not more govt controls...sheesh.). Why would an institution hold NUAN in a mutual fund when exec comp is greater than or equal to the profits YOY. Small investors like us have no leverage. Just let one of those funds that hold even 5% dump NUAN and all h##ell would break lose on stock price. That would make the 6 million shares the CEO hold essentially worthless.
I don't think that as many would complain about RR's compensation, if, as you say, he were a "producer" for someone other than himself and his incestuous Board and Compensation Committee.
I think his total compensation should be around 1 mil per year - and that is generous! Risk him leaving? I think many shareholders would be willing to take that "risk".
IMHO - Tomcat
Unfortunately in many cases Executive Comp is set way in advance, with triggers for better and/or worse performance. Some would argue A Rod is a bit overpaid for his performance last year ($27mm while suspended), look at the Termination Bonuses of the recent past, on and on. What would be a better alternative? Put a Cap on Comp? How about a Cap on Capital Gains and Dividends for Investors. How about having the Gov't Regulate all Comp, or even Own all the businesses? Many think that's the way to go, especially the non producers!!
Reading a bit on NUAN today. This is going the right way, I do not understand how institutional investors put up with this garbage based on company performance...2014 is still way too high, but 2012, my goodness.....can't get my thoughts past the censors...
Total Executive Compensation
2010 35.20 mil
2011 36.25 mil
2012 57.75 mil
2013 45.36 mil
2014 34.34 mil
2010 19.77 mil
2011 20.71 mil
2012 37.08 mil
2013 29.23 mil
2014 17.94 mil
The funny thing about those type of comments is that they are usually late to the party and want to validate themselves with what is already obvious. I see it more as a sign of a buying opportunity.
Is RR one of these people whose parents paid a King's ransom to place in the "right" kindergarten, so that he would be set for getting into all the 'right' schools and success in life?
?? - Tomcat