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P&F Industries Inc. Message Board

  • longtimefollower longtimefollower Apr 27, 2013 12:36 PM Flag

    Horowitz made $1.6 million in 2012, and $1.7 million in 2006.

    The board continues to corruptly and inappropriately massively overpay Horowitz. Despite my and Lawndale's work to fix this wretched and squalid board and its sick governance....comparing 2012 to 2006, it has only gotten worse!

    2012 Horowitz pay $1.6 M
    2006 Horowtiz pay $1.7 M

    2012 revenue $60 million
    2006 revenue $112 million

    2012 op income $3.9 million
    2006 op income $8.5 million

    2012 Horowitz pay as a % of op income....40%
    2006 Horowitz pay as a % of op income....20%.

    I rest my case. The P&F board, as a whole, is fundamentally corrupt, and has betrayed its fiduciary duty to the outside shareholders, with this morally larcenous compensation scheme for Richard Horowitz.

    This company remains a joke, as a publicly traded entity, and it is patently clear that P&F remains publicly traded solely for the personal glory and self-aggrandizement of Richard Horowitz.

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