Since joining the company in 2007, Steven Crane has done nothing but lead this stock downwards. How does Mr. Crane still have a salary of $400,000 and a total comp of $731,898. Give these people an incentive to bring growth/value to the company. Tie their salary to their performance or get rid of them. They obviously have no clue.
Simple...the board is spending "other people's money" and does not care...somehow Wall Street wants to make us beleive that salaries for guys like Crane are set by market forces; but they are not...they are set by rich folks on a board that could not care less about our money.
After the Tech for Less loss I would think there would be more changes...I know at least a hundred well qualified CPA's that would work for $200k and a bonus...$700k plus to help us lose money every year...Company had to hire a consultant to see we needed to cut expenses...huge loss in corporate value and managment still has a jobs...makes me sick!
Crane should go to work for the US postal Service or FANNIE MAE where losses are a way of life. Better year make him buy shares and lose his own money for a while...