for years he hasn't done anything to bring value to shareholders, and he still gets paid the yearly $1.5 milions.
Where's the BOD?
BOD?
Oh the BOD....Baron? and his buddies...
dunno?
I almost started crying when I wrestled my way through the compensation section of the proxy. Millions of dollars disappearing in multiple overlapping programs that seem designed to pay out more moolah the further we sink into the morass. Is there no financial institution out there willing to pick us up at $15-$16 so that we can retire everyone in the Corporate mausoleum in Bridgeport?
According to YAHOO FINANCE - PBCT book value per share is $14.91 PBCT is trading way below book value. Maybe this is one reason why one of the directors bought 100,000 shares.
Item 7.01. Regulation FD Disclosure
On March 7, 2011, Mr. Walters purchased 100,000 shares of the Company's common stock in an open market transaction.
The information contained in this Item 7.01 is being furnished to, and not filed with, the Securities and Exchange Commission in accordance with General Instruction B.2 to Form 8-K.
he is screwed.
well, if one of the directors bought 100,000 shares on the open market things don't look so bad.