SI
SI
discoversearch

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.
Gold/Mining/Energy : PYNG Technologies -- Ignore unavailable to you. Want to Upgrade?


To: Edward W. Richmond who wrote (4362)8/16/1999 11:14:00 PM
From: Edward W. Richmond  Read Replies (1) | Respond to of 8117
 
Financial Post Article
I found the following August 16th FP article, :Silent No More" by Peter Kuitenbrouwer to be somewhat appropriate for our discussion. Certainly, there are some issues that are not parallel. I have noted a couple of interesting statements.


canoe.ca

"Mr. MacLellan has joined the growing posse of activist
investors, ranging from huge players like Ontario Teachers'
Pension Plan Board to the self-proclaimed "sharpshooters"
of Enterprise Capital Management Inc. When the posse is
fed up with a stock's performance, it doesn't sell the shares-- it shoots up the board and sells the company.

" The interests of management have diverged from the shareholders. The whole options thing has divorced CEO pay from reality."

There are boards and managements that sometimes don't have parallel goals to shareholders.

Regards, Ed



To: Edward W. Richmond who wrote (4362)8/16/1999 11:20:00 PM
From: Edward W. Richmond  Read Replies (2) | Respond to of 8117
 
More Comments

canoe.ca

One of boards' biggest sins these days, he says, is the stock options they grant themselves, particularly in The
United States...The pendulum has swung too far... From coast to coast, many boards are out of touch with shareholders, he adds.
Regards, Ed