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MEMC Electronic Materials Inc. Message Board

  • rad_iant rad_iant Mar 28, 2012 5:17 PM Flag

    THE MONKEY's compensation for 2009 & 2010

    Akh-MAD Chatila, the Chief Resident Turd and a colossal incompetent moron was given following compensation for 2009 and 2010. Look it up. It's in the proxy statement filed with the SEC on March 11, 2011:

    Year 2009 ------- $16,775,578
    Year 2010 ------- $1,312,900

    A grand total of $18,088,478 for the two years. What did you, THE BAGHOLDER get for this money?

    (1) You got a company that spent half a billion dollars buying SunEdison and Fotowatio.

    (2) You got half a billion spent in capital costs for solar business.

    (3) You got most of the aboe two costs written off the last quarter when they reported 1,500,000,000 dollars in losses.

    (4) You got a company that had one billion in cash and no debt go to a company that has over two billion in debt, and is now focsing on liquidity because cash is scarce.

    (5) You got a company that has a lot of completed solar projects on books for sale that no one is buying.

    (6) You got a company that has a lot of solar projects in "pipeline" that no one is willing to fund.

    (7) You got a company with book value of over 11 bucks in 2008 go to a company with book value of below 2.5 (tangible book).

    (9) You got a company whose stock price went from over $80 in 2008 to one that is sucking wind at $3.64

    And, to add insult to injury, these thieves have continued to raid the MEMC treasury in 2011 and 2012. A case in point is the over $200,000 cash incentive award to this THIEF reported on Monday with a SEC filing. We are yet to find out about the salaries and other compensation which will be reported in the next proxy statement.

    Make sure to call the IR and express your gratitude for these thieves.

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    • rad_iant,

      You are absolutely correct! I have been saying the same thing for years!

      These guys belong to a club and reward each other just for existing.

      There're no performance requirements for their rewards, just belong and KA..CHING!

      I call it WFR hell.

      There will be more free stock options awarded and it will continue to be their personal ATM machine.

      I would love to see a claw-back or replacement of the entire board!

      Stockholder revolt is overdue.

    • classactionlawsuitsonnakedshrts classactionlawsuitsonnakedshrts Mar 31, 2012 2:07 AM Flag

      Buying this at 2.00 would still be a 50/50 gamble or 70/30 to the BK side.

      What a POS crooked management.

      Could a secondary be coming like FSLR no doubt will have to do.