Thanks for pointing that out. I didn't notice the buy backs (though they should be significantly larger). Your post made me do some research into executive compensation.
Executive compensation last year as a % of net income is horrible. 2.2 million in top executive comp 13 million in net income. 17% of net income is executive compensation. Compare this to Stewart Title with 2 million in executive compensation (for the top 3 execs) and 43 million in net income for a percentage of 4.6%. Their compensation appears to be egregious. Too bad the executives are also controlling shareholders.
Name and Principal Position J. Allen Fine Chief Executive Officer & Chairman of the Board 802,430 James A. Fine, Jr. President, Chief Financial Officer & Treasurer 728,618
W. Morris Fine Executive Vice President & Secretary 713,618