Don't see any problems with his new employment contract. Still at the lowest tiers of executive compensation when compared to his peer group. And he lacks the other incentives/perks typically awarded to them. He is to be richly compensated for bringing the company into the 21st century. A very successful IPO, followed by a 2nd successful tender offer, and for making key sell-offs and acquisitions. He was the main factor in the creation of the cash-cow WKTI, in establishing successful broadcast formats that can be expanded to other properties in the broadcast chain, and for the outstanding branding campaign ( the Guardians of Data) for Norlight. That branding campaign alone has made that subsidiary a very desirable target candidate in this age of rapidly consolidating telecommunication companies. I say he is grossly underpaid. He has proven his Midas touch over and over.
ZIP,His Midas touch of a successful IPO.You cant mean the same one Im looking at do you,JRN.The one that lost 15% in 2004.The one that is losing money AGAIN today and is trading at the same level as its IPO Price, 18 months ago.The one that its employees, WONT BUY at a 10% DISCOUNT on ever share they buy.Is that the MIDAS TOUCH IPO you mean?Oh I forgot Im suppose to be Pumping up the Stock that I own.
Please consider me officially removed from the Sunrisepop (caps lock crazy) fan club. I've enjoyed reading him but his shtick is getting tired. Sorry man, just stating the obvious. We're all pissed to some degree or other but you need to get pills for what you got. SS isnt so bad. Admittedly, I agree he's overcompensated, but I liked ZIP's post. He should get some credit for keeping this dog of a Co.barking.