Wow, ya'll sound like a bunch of "Occupy" Wall Street folks.
Planning on going on up there and pitching a tent this summer?
Can MNGA rally past $2 now that it has successfully landed one of America’s largest transportation companies as a customer?
MNGA ignites the trading boards ad records stunning breakout on huge volatility. Is this the signal for a major rush towards $2 a share?
MNGA is shaping up to the be the energy play for the year as management unveils latest deal involving the sale of MagneGas®. Is a $2 valuation the next major milestone?
MNGA lands another major order for MagneGas® and sends investors researching its growth potential. Short term gain potential on the menu too.
Divvy increase to .27/sh/qtr announced today w/ up to $820 million in stock repurchase beginning in 3rd qtr. Thanks Mr. King & Board & to the employees that do all the heavy lifting & make this boat float.
The only way for shareholders to hold CEO accountable is to withhold voting for all members of BOD and back any shareholder activist group looking to replae BOD members. If enough small shareholders refuse to vote for current there will be an attempt to replace BOD by all shareholders in future. It is time for BOD to start looking out ffor shareholders and less for themselves and CEO!
I totally agree with the postings here, but there is absolutely nothing a small shareholder can do. Management
controls the number of shares by their own holdings and by those held in their employees' retirement plans. Neither the big funds care for the small shareholder. Of course, this time the stock is tanking sooooo, maybe....Hope springs eternal.
Reduce salary and benefits of upper echelon mgt and Board members and you can increase dividends more. Upper mgt of all corporations are over paid. mo
It depends on how you define "over paid". When you work for an employer you want to make as much as possible. Now the problem is: How is KK's salary and benefits being arrived at? His benefits are derived at by the board of directors. Let us look at how KK got his job. He was appointed by the board and approved by the common share holders. Who is most influential at appointing members to the board? The CEO. This arrangement leave the door open for collusion. In MO this is a problem in every corporation. The CEO scratches the backs of the Board and the Board scratches the back of the CEO. Each providing excessive benefits to the other. I do believe that every CEO deserves a good salary and benefits, but not 500 to a 1000 times entry level employees. Much of this excessive money should be going into the pot to pay better dividends. This is just my opinion, but it is logical. There is no logical reason for any CEO to receive such benefits. Period. mo..
He is not only overpaid he and his management team (which is way to many for political reasons) are INCOMPETENT.
If you think interest rates will eventually start rising you should hold or even buy as margins will increase. This may take awhile so if you are not the patient kind I would recommend to sell.
Just why is the Board Of Directors paying Kelly King and his executives so much and giving them so many other benefits? Today's miss on estimated earnings is just the lastest. This is now 3 missed earning estimates out of the last 5 according to Yahoo. It might be time for the shareholders to hold King, his executives staff and the Board of Directors to at least a somewhat little higher performance standard. Take a look at the pay of the above group for what I would say is at the least a sub-standard performance.
Not the best of quarters. I remember when BB&T consistently beat projections. Still think better days are ahead - especially if the Fed moves on rates. Have a feeling it may be later this year or early next due to the strong dollar that will only get stronger if rates rise. Stay tuned.