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The St. Joe Company Message Board

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  • MINCE38 MINCE38 Apr 12, 2005 1:23 AM Flag

    Take a ride

    To the best of my knowledge, the board had to to step up to the plate to get Peter R. to leave Disney and Kevin T. to leave a bank to join JOE in Jacksonville. So options etc. were granted. Seeing what mgmt has done to stock price, redeployed to shareholders via stock buyback and dividends etc. and the price of JOE stock when they joined versus today - I think mgmt was PROPERLY incentivized. They are getting paid because they made $$$ for shareholders - that is just. If they are able to get the same return on shares over the enxt 8+ years; I, as a shareholder. would happy to pay them similarly

    I disagree. This is not brain surgery or finding a cure for cancer. if they keep taking 50% of profits and stock does what its been doing over next 8 yrs, i say youl lose about 500% or more of what you really should have made. At the race track, if you hit a 10-1 exacta, do you really not mind that the track keeps 25%????? I do!!!!!

 
JOE
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