Thanks for the heads up on Click's collaboration with SalesForce and the new Ap. That is a big, high profile partner and a crack in the door into thousands of potential SalesForce customers. It is also a solid step forward in their Cloud initiative.
I presume the SalesForce customer did not authorize a Click press release but OKed mentioning it in a blog.
Both Click's current share price and the lack of updraft in response to the SalesForce news illustrates how far the tide has gone out in investor confidence.
One factor eroding investor confidence is the proxy proposals PAJacobsen outlined:
a). Moshe lining up to serve as CEO and Chairman until age 68. It is unquestionably the wrong age to try to serve as CEO and lead spokesman for a cutting edge mobility company.
b). Another 90,000 options dropping in Moshe's pocket rather than being issued to front line Click leaders.
c). A new compensation proposal that, along with stuffed full of plodding, stifling and deadly dull HR lingo, informs the Click team on page 15 Moshe can only earn 25 times more than the average compensation for Click's professional in Israel. Like the 90,000 options proposal... it sends a corrosive message to the team: "The CEO is 25 times more important than you."
I will vote against all three proposals. Unfortunately so many investors, especially institutional investors, simply "rubber-stamp" proxies the chance of derailing these three corrosive ideas is slim.
Congratulations to the front line Click leaders who put together the SalesForce initiative. That would be a good place to start in an intelligent distribution of those 90,000 options.
Good for Dr. BenBasset. He deserves all the options granted him. Live long and prosper Dr. BenB.
And stay in there as Chairman and CEO. 68 is not so old. I will take accumulated knowledge and wisdom over youth, inexperience and testosterone driven decisions.
I strongly suspect that Dr. BenBasset knows his decision to avoid a change at the present is predicated on the fact that when the inevitable buy-out comes he is exactly where he should be. Let Sieman's shake up the rooster after the aquisition. I am encouraged by the prospect of a future buyout for many reasons including the fact that there is not going to be a shake up in leadership at present.
One morning you'll just wake up to the news of the buy out and all of a sudden be singing the praises of BenBasset's wisdom.