I'm so tired of Moshe pocketing tens of thousands of options year after year. These options need to be distributed amongst middle management. Moshe is incentivised and motivated enough already through the shares he already owns to do what he can to increase shareholder value, issuing him additional shares year after year is doing nothing more than eroding shareholder value.
Don't get me wrong, I'm not suggesting Moshe isn't doing a great job (although that could be debatable), I just believe it's an absolutate worthless use of options to grant them to him.
I agree. Write to him and tell him how you feel. I encourage every shareholder to do the same. Maybe one of these days he will get the message. Note that in the proxy statement it also says that he is up for re-election as CEO for the next three years. I wish he would step aside and hire a CEO. He needs to be the CTO and Chaiman, that's enough. The number of options he owns is also enough.
Based on stock price performance, Moshe is doing a terrible job.
I just read an article about Click in the Israeli business portal and was shocked to find out that Click went public in 2000 at $7 per share. They raised $30 then, at a company value of $175M while selling $2M per year and losing $3M.
13 years later the stock price is virtually the same....
And isn't the Nasdaq composite DOWN around 15% over the same period? Since CKSW is even, I'd say that's pretty good. There have been many downright catastrophies when you compare year 2000 pricing to what it is today in the tech world.