Believe it or not, whether it's ego, naivety or just lying, many CEO's have no clue, unless you spell it out for them, that they have a legal and equitable fiduciary duty to shareholders to defend the corporate currency, and that duty wins over the desire to grab some bucks by dumping shares.
Often they are sold a story by promoters who want to share in the dump or by vulture financers who tell them of a "sure quick way" of grabbing a few hundred grand at the expense of "strangers."
Well, these here "strangers" ain't gonna take it anymore.
So, in an nice way, spelling it out for them, making it a "win-win" thing, actually can help us out of the cellar. After all he wins, as do we, if this thing goes to a penny.
Now, if the hot wife needs to throw a big party next week, it ain't up the shareholders to be used as a piggy bank unless it leads to few hundred grand in revenue. |
