In successful companies there is a great focus on getting things done, not on titles.
Shege, you are so full of ... You are the one obsessing over titles and assuming some coming, bloated bureaucracy. So what if they call someone SVP instead of just VP? Titles indicate relative authority and, as I suggested before, sometimes signal a likely path of succession. It's not like this is some five person startup where everyone is a "member of development staff" or some such anti-hierarchical nonsense. That you are making such a big issue of it just supports my case that you really have no substantive criticisms and just like blabbering on to an adoring audience.
Regarding the preferred, if they are willing to put money behind their apparent belief that they can make something out of FSTW, and to do so when most of the market has written them off, then that's OK with me. Besides, if they really can turn the company around and make something of it, then four or five dollars a share will seem a bargain. If they make a dollar or two more than me on each share, I can live with that. If they can't turn it around, I'm pretty sure they won't get any more out of it than I will - other than a salary of course.
BTW, that was quite ridiculous of you to include salary in the preferred stock return. If Cormac does his job, he will have earned his salary. If not, getting a year or so of salary while losing a million bucks on the preferred doesn't seem like a windfall investment to me. |
