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Seaspan Corporation Message Board

  • SAMSIR SAMSIR Apr 25, 2007 10:33 AM Flag

    employees

    Yahoo shows that they have one full time employee; whats the deal with that?!

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    • how solid is this ssw.are they for real.great headlines about future but the writter is the co.any info helpful.

    • Yahoo is correct as of the last annual report, Gerry Wang is the man and from this report the whole company and your and my investment rides on him and him alone.

      From the 2006 Annual Report

      page 11

      "We depend on our Manager to operate our business.

      We are a recently formed company, incorporated in May 2005, with no current plans to have any employees other than our chief financial officer. Pursuant to the management agreement, our Manager and certain of its affiliates will provide us with certain of our officers and with technical, administrative and strategic services (including vessel maintenance, crewing, purchasing, shipyard supervision, insurance, assistance with regulatory compliance and financial services). Our operational success and ability to execute our growth strategy will depend significantly upon our Manager�s satisfactory performance of these services. Our business will be harmed if our Manager fails to perform these services satisfactorily. In addition, if the management agreement were to be terminated or if its terms were to be altered, our business could be adversely affected, as we may not be able to immediately replace such services, or even if replacement services are immediately available, the terms offered may be less favorable than the ones currently offered by our Manager."

      page 73

      "D. Employees

      Our only employee is our Chief Financial Officer. Our Manager provides us with all of our staff and all of our other officers. Our board of directors has the authority to hire additional employees as it deems necessary."

    • http://www.seaspancorp.com/corporate/structure.cfm

      click on corporate structure and menu comes up. see mgm. team and directors and officers. always good idea to go to a company's web site for info. rather than relying on yahoo for an accurate picture.

 
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