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Global-Tech Advanced Innovations Inc. Message Board

  • longtimefollower longtimefollower Oct 24, 2013 3:47 AM Flag

    I just voted my 50,000 shares AGAINST these #$%$.

    The CEO has a 10 year employment agreement, that "renews" every month, maintaining a full 10 year term, into perpetuity. Worse, in the event of a change of control, he gets paid the ENTIRE 10 years remaining on his employment agreement. That is SLEAZY.

    Vote to REJECT a CEO who refuses to respond to ANY shareholder attempts to contact him. I thought about buying a ticket, and flying to Hong Kong, just to confront him in person....but I can't find my passport, and am not sure I can get it updated in time anyway.

    This company is a joke, managerially, and has an ethically diseased board and governance structure. HOWEVER, they did pay a $1 a share dividend, not too long ago, which tells me that the cash per share, as they disclose it, is almost certainly true and real.

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