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Symantec Corporation Message Board

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  • justwondering2 justwondering2 May 27, 2010 1:17 PM Flag

    What is wrong with this stock forward P.E is only 8, earnings reported were good

    I agree the compensation committee has been stuffed with insiders that are playing " lets scratch each others back " and leaving the shareholders with nothing . If you look at the insiders at MFE you will see the same thing ... the difference being that MFE shareholders have also been rewarded ! We as small shareholders are powerless to make a difference , what its going to take is for the big institutes that have a huge stake in SYMC to get off there lazy ass's and demand changes in the board !

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    • It is imperative to undersand two major compensation factors that are the primary cause of the problems:

      1) The overinflated bonuses being pocketed by the Execs is in no way directly tied to the share price. It absolutely should become a meaningful metric to their bonuses.

      2) The RESTRICTED STOCK PLAN. Unlike stock options, where the shares must appreciate in order to receive a return, with restricted stock the Board/Execs are GIFTING themselves stock at minimal (or zero) cost basis. So they don't care if the stock moves up 5 points or not when they are already making a $15/share profit. They instead need to be given stock options ONLY so the shareholders and Board/Execs have a common interest in stock price appreciation.

      THESE TWO KEY FACTORS ARE WHAT DESPERATELY NEEDS TO BE CHANGED IN THE SYMANTEC COMP SYSTEM OR ELSE THE BOARD AND EXECS WILL CONTINUE THEIR BREACH OF RESPONSIBILITY TO THE SHAREHOLDER FOR THEIR OWN BENEFIT.

      SMS

 
SYMC
26.65-0.05(-0.17%)Jan 23 4:00 PMEST

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