Another potential incentive for the CEO is the mon
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Likewise the insurance settlement money for the fraud suit against PTOI which, ironically, was place under management's control...Mr. Heddle had complete discretion on how to spend that money. I doubt he wasted the money so it's likely that money went for his own compensation.
Money from the sale of property...same thing. Mr. Heddle decided where the money should go.
Money lent to PTOI from directors...same thing. Mr. Heddle decided where the money should go.
So was the money foolishly spent on expenditures which provided no salient return to PTOI with Mr. Heddle not learning to stop spending on those low return on investment expenses??...or is it more likely that CEO Mr. Heddle used that money to compensate the CEO for his work??
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