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Technology Stocks : SWMCF- Making a comeback this week.
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To: Taku Utsumi who wrote (252)10/15/1996 8:10:00 PM
From: Bart Sampson   of 278
 
>Yeah, as if you can still retain competent executives with less than
>$100K+ salary. You can pay them less, but then they will switch to
>another company. It's that simple.

Yeah, but 3 out of the 4 highest paid people in the company have been in the company for a decent enough amount of time to have been involved in the great $17 million spend-off under Scott Walchek. These are yet-unproven executives (ie. their competency is still in question.) Take a look at their backgrounds in the latest edgar filing. Jeremy Salesin passed the bar just a few years ago and only worked with one law firm previous to SW. Suzie O'Hair was self-employed. Hardly top executives, and they are extremely unproven. As of right now, their salaries are being drawn from the recently raised investment capital and is not based on the company's performance at all. In most SANE organizations, executives are remunerated based on their performance. If the executive of SW had any cahones at all, they'd accept remuneration based on company performance, which has been pretty darned poor so far. If Charlotte Walker is so optimistic about the company's future then it shouldn't be a problem, right? At least their shareholders wouldn't feel like they company executive was stuffing their pockets with investment capital.

Bart.
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