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CDC Corporation Message Board

  • jturano7423 jturano7423 Sep 9, 2006 9:17 PM Flag

    SMITH10471'THANKS'

    THANK YOU FOR YOUR EXPLAINATION TO MY QUESTION REGARDING
    NICOLA CHU.
    "Under the term of Nicola Chu's plan that was recently filed, almost 75% of the shares designated cannot be sold unless the stock reaches a threshold price of $7.50 per share. It is also important to note that only about 15% of Peter and his family's holdings in CDC are covered by these sales plans, which means that about 85% of his holdings are not covered. In summary, the overwhelming majority of the shares authorized to be sold under these plans have not been sold."

    I understand the above and that the majority of the shares have not been sold, but for the ones Nicola Chu did sell for 2005 and 2006 to date, averages over $15 million dollars per year. This is no poultry amount of change. How fortunate is Nicola Chu to live each day of the rest her life,
    in this financial style of fairyland dreams compensation.
    This is some significant 'amount of Money'. I know a heart surgeon who doesn't make this kind of change per year. I realize that the specific responsibilities of any board of director is 'TO PROTECT THE SHAREHOLDERS',
    but this reminds me of THE 'QUEEN PROTECTING THE HOMELESS'.
    WHERE IS THE JUSTIFICATION REALATIVE TO COMMON HARDWORKING
    PEOPLE ,WHO WORK TWO JOBS, JUST TO PAY BILLS AND INVEST A FEW THOUSAND TO TRY AND MAKE PEANUTS IN COMPARISON, AND HAVE OTHERS EXPLAIN IT AS IF THEY ARE NOT GETTING AS MUCH OR BEING ABLE TO TAKE ADVANTAGE OF BEING ABLE TO SELL MORE BECAUSE THE STOCK DIDN'T REACH CERTAIN LEVELS.
    $15 MILLION PER YEAR AVERAGE IS $15 MILLION PER YEAR STILL.
    TO ME THIS IS THE"PERFECT CRIME". INDIRECTLY A "LICENSE TO STEAL".
    DOCTORS OF BIOTECHNOLOGY COMPANIES DO NOT GET THESE AMOUNTS OF MONEY AS COMPENASTIONS. I MUST COMPLIMENT NICOLA CHU AND I
    WISH I COULD WORK FOR HER, BECAUSE SHE IS ONE OF THE LUCKIEST
    LADIES IN THE WORLD TO BE IN THIS POSITION.

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