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  4. Hollund Industrial Marine Inc. (HIMR) Message Board

Well I respectfully disagree. I think they have ha

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Post# of 17862
Posted On: 06/01/2014 12:20:39 AM
Posted By: Viper1
Re: TexasRambler #15855
Well I respectfully disagree. I think they have had some bad luck (although I think they could have handled things a bit better since late March). I think they anticipated revenues starting up in April and and completing the buyback just before the actual start of operations/revs. They got thrown a massive curve ball and now everything is out of whack. They have some explaining to do about that O/S increase...not cool but with no revs it was bound to happen. I did not expect it to double though. Again I don't think a salary of 10K is excessive. He (Sheldon) has not produced (as far as we know) but the guy should be paid as he is in the job. I would not consider 10K month/120K year a "bloated" salary for someone in his position and of his caliber. He has to provide for his family just like the rest of us. Running a company is not a sales job or commission based job....it's usually salary based. He cannot be expected to live on 60K like you suggested. He needs to have his head on straight and be compensated accordingly to perform at a high level. We need them to have their minds clear in order to get things done and having to worry about paychecks is counter productive. JMO


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