Biotech for less than cash value Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Biotech / Medical : Biotech for less than cash value

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: rkrw who wrote (286)	8/22/2007 10:49:39 AM
From: Steve Lokness	of 684

And of course the same management that drove here is still in place From the "Merger Proposal" under "summary Compensation Table", I see that management rewarded themselves for failure to the tune of about 5 million for the top 5 people in 06. For a biotech of this size and for failure I find such compensation almost criminal (they're not living in San Diego for goodness sake). Granted the amount is skewed a little by the over 2 million paid to terminate Johnston - still? These guys use to this kind of treatment demonstrates a BOD that is either asleep or is not performing their fiduciary duty but is instead complicit. In the compensation table for the 8 directors, they were all given(?) between 50,000 and 100,000 each "stock grants" in "lieu of receiving annual cash retainers from june 2006 to June 2008. What? 2008! Is this normal? This is in addition to the shares listed in the "Director Compensation Table". steve

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next