Totally "lipstick on a pig" action. His last option grant is:
"On February 13, 2013, the Company's Board approved an annual base salary of $569,250 for 2013 and a cash performance bonus of $330,000 for 2012 for John A. Scarlett, M.D., the Company's President and Chief Executive Officer. Dr. Scarlett's annual base salary for 2013 represents an increase of 3.5%, or $19,250, from his 2012 annual base salary. In addition, on February 13, 2013, the Company's Board approved the grant of a stock option to purchase 1,340,000 shares of the Company's common stock to Dr. Scarlett, at an exercise price of $1.50 per share. The other terms of the stock option granted to Dr. Scarlett are set out below."
Do you actually think that $50K is a show of confidence? Now if he goes out and says that his full compensation will be in stock until the shares go back at least to $5 then sure that is bullish until then this is nothing more than "lipstick on a pig". BTW Cisco's CEO got paid $1 a year during the dotcom bubble burst days. BTW the company made money during those years....
What bothers me about Scarlett and Huh is that both sold the companies they owned or were partners of and must have a lot of money to squeez any cash compensation from Geron at this time when the company is hard-pressed for cash, especially if both have decided to steer the comopany out of trouble. This clearly demonstrates their lack of sincerity and, in my opinion, greed for money (whether they agree or not). I remember that the exCEO of Citi Bank Pandit decided to take only a token dollar in salary and benefits after the company faced serious financial cruch after the 2008 crisis until he was able to put the bank on an even keel. Of course, hardly any current-day CEOs are expected to do this. But, both Scarlett and Huh belong to the medical profession and these professionals have much more sense of ethics than the current-day executive class. I am really saddened see that these two have forgotten their profession's normal sense of social duty and have gone after greed for money.
Credulity vanishes since these all-encompassing invariant daily negative posts occur no matter what, and are highly suggestive of ulterior motives. Most likely some anti-stem cell nut posing as a long. Even with Geron’s disenfranchisement of stem cells the vindictive campaign continues.
This one claims to once been positive on Geron but thanks to yahoo’s complete posting history search one can easily verify that it just isn’t so.