Don't blame the executives, blame you the stock holders. We are responsible for this injustice. What is happening is something called "collusion". Who approves these bonuses? The B or D's. Who has the greatest influence of appointing/electing the members to the Board? Upper echelon executives. Who has the greatest influence of appointing/electing upper echelon executives? The B of D's. This is a perfect situation for gross collusion. We the stock holders must take action to stop this. This money belongs to the stock holders and should be paid out as dividends, not their bonuses on top of humongous salary and benefits..
If you still feel you are getting ripped off by mgt then withhold your votes in March or April, 2016 for the BOD. hOPE SOME OTHER GROUP OR FUND WILL OFFER AN ALTERNATIVE SLATE. IF NOT JUST do not vote VOTE FOR PRESENT BOD
All the good ol boys will be out this weekend at the golf tournament The Wyndham in Greensboro . I am sure they will be thinking of us all while they are in the hospitality tent that we have paid for them . Ever wonder how much money it cost us stock holders for King and the boys to have a good time at The Wyndham ? My guess is a couple million dollars. I bet we even bought Kelly King a private parking spot as well for his car so he and his family have little walking from their car to the hospitality tent . Al the top boys and girls at the corporate office will be a a party on our nickel .
This is true, but you just need to really appreciate all the money and benefits that Allison, King, the top executives and BOD have received since then.
Best Way to stop this is to withhold all votes in spring for BOD and hope some activist group comes out with slate to oppose BOD. Support new regulations SEC is considering about BOD accountability. When trial Lawyers sue BOD of directors often their is merit due to BOD being nothing more than rubber stamp to Management!
Seems now that there is no need for DD before a merger. Merge Collect bonus whoops, bad merger merge with another collect bonus, WHOOPS! lather rinse repeat...