I think you make a good point, as management has clearly not done enough to align their pay with the soft performance in recent years. But I do think that Mr. Bates' relationship with hospitals and his general expertise in the field is what the company is all about. With so few key players running the company and the stock very illiquid I am not sure that the takeover appeal is there.
Needless to say I am looking forward to some fireworks during the next call...
And I wanted to question AMS about their cost structure, but their whole company is out today prepping for the World Series at 8:00 EST. I'm not joking.
Ok, Mr Bates, we have all heard how excited you are on the conference calls. I can say I'm excited every three months for much less than $500,000+ in salary and bonuses per year.
Get out of the way of your own company and stop living like it's pre-2008. It's not. Come 2012, we'll be able to nominate our own directors to the board if we own more than 3% of a company. This is a major winner if that law comes into effect, in my opinion. The monopoly on profits siphoned off through excessive expenditures and salary will potentially fracture.
I actually think this company provides benefit for mankind by incentivizing hospitals to adopt the best tech in radiosurgical devices. It's also earning a little bit of money too, but the executives are pretty self-serving and terrible.