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Theragenics Corp. Message Board

  • krbpga krbpga Mar 26, 2012 8:38 PM Flag

    disconnect between CEO comp and shareholder returns

    the CEO's salary has increased by 29% between 2005 (when we moved into surgical products) and 2010 and during the same period her salary plus bonus plus non-equity incentive plan comp has increased by 58%

    TGX's stock price is less than half what it was at the end of 2005 and enterprise value is less than 40% of what we spent on the acquisitions that created the surgical products division (which was 72% of our total business mix in 2011 and lost money in q4 2011)

    seems to me that it is completely fair for the shareholders to ask this Board to explain itself. stock price and enterprise value go down over a 6-year period, but CEO comp goes up -- certainly not pay for performance

    at the same time, if this Board thinks that this management team is performing, maybe our big shareholders should step up and put a new Board in place.....

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • TGX is doing fine considering they are on the J&J hit list, amzing they have lasted this long.
      Give them all a raise.
      That is a helluva battle.

    • I did my little bit today and voted against the 2012 incentive plan. I'll be interested to see what the proxy oversight firms recommend.

    • I agree totally. FMR I believe is the largest shareholder, owning 10% of O/S shares. I can't believe they are sitting silent on this. If they are then they are fools. It's time they started pushing the board and the comp committee to start being a little more shareholder focused.

      So my couple of suggestions

      1. Restructure comp and incentive package.
      2. Stop any intention of undertaking M&A activity and instead instigate share buyback
      3. Elect new board members to ensure board independence and focus on shareholders

 

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