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Biotech / Medical : VVUS: VIVUS INC. (NASDAQ) -- Ignore unavailable to you. Want to Upgrade?


To: DAVID who wrote (18986)2/21/1999 6:00:00 PM
From: VLAD  Read Replies (1) | Respond to of 23519
 
DAVID,

I really don't think that Lee Wilson needs to go work another job unless he doesn't know how to save his money. He sold 30,000 shares of his stock back in the summer of 1997 for a cool $904,500.00. He has made a real cushy salary as the CEO of Vivus taking home over $350,000.00/year while us investors take it up the ass.

I don't know about you but I could live a very comfortable life on only $200,000 to $300,000 in my savings account. Unless one lives a lifestyle of big homes, fancy cars/boats, fancy clothes/jewlery etc.. even $50,000.00 goes a long long ways.

And don't forget the approximately half a million shares of Vivus stock that he still owns.

Wilson needs to accept the fact that he is a proven failure as CEO of Vivus.

If he had any brains he would find Vivus an effective replacement CEO and step aside. It would make his stock holding in Vivus considerably appreciate and allow him to be much much wealthier rather than to believe that his blunders of the past will be over looked. He has failed miserably and he knows it. He is a man living in denial and needs to come clean and do what is right for the company and its investors. He needs to accept the fact that he has been given more than enough time to do his job effectively and he has proven that he can not effectively manage this company.

It wouldn't hurt for Vivus investors to write a letter to him or send him an e-mail stating these facts. Perhaps if enough investors "tell him like it is" he will finally come to terms with reality and do the right thing!