Yes and no. Sometimes the board will vote themselves salaries that in no reasonable way can be justified and it takes profits away from share holders and only benefits them. It is happening at all companies to the point that it makes it look like these inflated salaries are the norm. Only government workers and company board members are able to get away with this kind of abuse of power. They are acting like parasites. If you put all salary increases to a vote I think you would see an end to this nonsense. However the boards of companies will never agree to this unless they pass a law because they don’t want to lose a good thing which is their inflated salaries. Just like the government workers bribe politicians to give them wage increases until cities go bankrupt from the financial load that it causes. It is as if they expect us to stand by and allow them to give themselves raises indefinitely at our expense so they can live extravagant lives beyond what they deserve simply because they can force it upon us. I’m not saying that board members should not be paid a lot because you want to hire the best of the best however the situation has gone way beyond ridiculous.
Just to follow up, if you do read some messed up news that seems questionable, give Linn IR a call or email. I got a reply in 3 minutes, they immediately told me what was not true and the full history of the lie. I ended up talking to the head of IR and I am only a low six figure investor (and they did not even ask how big an investor I was).
Anyway, it's a quality company with excellent IR, call them rather than sell on a lie.
navkram: The article should have been fact-checked before it was published... The more disturbing aspect was the poster(s) who either knew, or should have known, it to be false, yet still posted it nonetheless...