High salaries and no transparency make for a tough environment to be involved.I wish they would talk about a contingency plan for Farrel and give some guidance.We all know Wellington will take his place but she is a mystery.Their getting paid but the investors are getting the shaft.
NLY near the bottom.
Compare against CYS which pays a $0.50 dividend and see which moves higher (percentage return) before next ex-dividend 6/xx/12.
Both within a tight trading range, although CYS closer to its 52-week high vs NLY is >2+ points from the their peak.
Wild card is if NLY can maintain the $0.55 dividend payment.
The lack of transparency makes me increasingly very uncomfortable. I have lost all faith in the management team and their board. IMO they do not deserve those huge salaries based on the recent performance of the stock and the company.
Pay for performance should be instituted rather than pay based on asset size managed. If they keep issuing more SPO's, their salaries go up irrespective of the performance directly affecting us shareholders.
Plus, their excessive salaries reduce the distributable income to the shareholders.
I wish there was a way we could get them to listen...but they won't. They stay in their isolated world collecting their huge but unwarranted salaries.
no, no, no, you want the highest possible compensation possible for the people in charge of returning money to your investment, if the CEO passes, peace be unto him, but you don't want this to be a citibank or countrywide, make it the most lucrative position a CEO could aspire to, I don't want some MBA flunky willing to settle for 3 million running this company, I want somebody who is worth - or thinks they are worth - 20 million running this company, I only want the best, the crem de le creme, (or however the hell you spell it lol)