Management has just announced a major initiative focused on reducing costs and aligning management incentives with shareholder objectives. The initiative is made up of three parts as follows: 1. The elimination of three top management positions, 2. A 35% salary reduction for the remaining management team, and 3. A new salary structure which includes 40% of compensation being paid in stock.
Management realizes that they have been totally out of step with shareholders and is now focused on demonstrating with the clearest message possible that a new era has begun with the idea of bringing on major institutional ownership. This is just.... Oops, sorry, I just woke up!
lol....I wish this was true!! I am one of the "likes" on your post, but KNOW that management is so full of themselves that they would never agree to this....I wonder how many investors just want out of this dog...
Thanks for the tongue-in-cheek post.
Some humor was in order, since there certainly is nothing to laugh about with this miserable, feckless, greedy, disingenuous and exclusively self-serving outfit that identifies itself with the misnomer, 'management!'