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PFSweb Inc. Message Board

  • avacenna avacenna Jun 22, 2000 10:06 PM Flag

    Mark sez: 'Daisytek not up for auction'

    He said so in today's Dallas Morning
    news.

    Surprisingly, he blames Alan Greenspan for the anemic price of
    DZTK & PFSW. And he said PFSW's cash position was hurt
    by the recent 25% increase in greens
    fees.

    Layton also claims that he's now driving his personal
    Mercedes to the country club rather than using the
    company-paid chauffer. He said, "It's the responsibility of
    top management to set an example when we need to
    tighten our belts."

    Check it
    out.

    http://dallasnews.com/business/100066_daisytek_22bus.html

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • the selling seems to be consistant. Pfsw has to be now a . Bomb in laytons book.....

    • <<...Anything over $200k should be in
      STOCK.

      Any bonuses should be strictly performance based and
      in STOCK....>>

      I toally agree with your
      above statement. It is disgusting to see that the
      executives enjoying such a high cash compensation when the
      stock has gone down from 50's to a new low
      today!!!!!!!!

      Stock based compensation on a performance basis will
      make the management accountable for their actions. The
      current huge cash compensation does not have
      accountability for their performance.

      It is a shame and
      disgusting to see that the management has let us, the
      shareholders, down!!!!!!!!!!!!

    • yeah big deal this pfsw is probably going to make
      layton millions not from the stock but from the new
      relationships. IBM HWP EXT....its obvious management cares less
      about their shareholders stock price....and remember
      dztk may form another spin off....this keeps
      management WEALTHY AND JOB SECURE... HEY WHY NOT BREAK UP[
      THE COMPANY BEFORE SOMEONE BUYS DZTK OUT....OH AND
      BUY THE WAY WHY WOULD ANY LARGE CO. WANT TO OWN A
      SERVICE PROVIDER LIKE PFSW...REMEMBER SERVICE AND NO
      TECHNOLOGIES EQUALS LOW PE AND PRICE TO SALES. PFSW =
      SERVICE.......

    • Anything over $200k should be in
      STOCK.

      Any bonuses should be strictly performance based and
      in STOCK.

      I'm not angry, because my only
      interest is my DZTK @ $10. But I do think that in light of
      PFSW's abysmal performance these past 6 months, Senior
      management should demonstrate the depth of its commitment to
      the shareholders by putting its own money on the line
      -- not just stock options.

      To be fair, Layton
      has purchased 21,000 shares at $17.

      But that
      doesn't mean he can't "subsist" on $200,000 a year with
      the rest of his compensation in stock until he gets
      shareholder value back where it should be.

      If they
      have faith in PFSW, they shouldn't have any problem
      with this.

      JMHO.

    • that we must vote against this management, during
      the next proxy vote. This will send them a clear cut
      message that the high executive compenstion is not
      acceptable when the stock is performing so poorly, and the
      company is not profitable.

      This stock has come
      down from 50's to 5. The management has a responsibity
      to explain (to the shareholders) this dismal,
      rock-drop in the stock price.

      The management can
      save millions by cutting their outrageous salary. This
      will help to improve the bottomline and the topline.

    • i am very angery .... I bought 6500 shares + for this pos... My avg. Right now is 18.75, i hope by the end of this year.. I can get my $$$$$$back !! Good luck to you man..

    • You may be interested in reading the anger on the
      DZTK board that the DZTK shareholders (who will soon
      be PFSW shareholders) also have with PFSW's CEO
      Layton for the way that he and his team have put the
      shareholder's interests last on their itinerary. Let's unite
      and vote them out!

    • I thought Layton drove a Corvette ! Did he get a Benz also ?

    • Great article. That self-promoting Layton MISSES
      his earnings projections at PFSW, and then washes his
      hands of all responsibility for the decline in PFSW and
      DZTK's stock value by choosing instead to BLAME
      GREENSPAN????

      How much confidence do you Layton and management
      supporters on this board still have in Layton now????

 
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