And executives should not be granted additional op
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(Total Views: 503)
Posted On: 09/02/2020 1:28:02 PM
Re: Bored Lawyer #53707
And executives should not be granted additional options based on hitting performance milestones. They should be granted options as part of the equity incentive plan. Then it is their JOB to hit performance milestones -- that is what their salary is for. Then if they increase the value of the company, then the value of their stock options should increase alongside the common shareholders.
CYDY mgmt doesn't seem to understand this basic form of equity compensation. Hence, the one excessive compensation suit they lost years ago. And now, they are in the midst of another one. One that was obvious it was going to occur as soon as it was announced.
I am voting NO.
And I wouldn't be surprised if non-insider holders now have the voting power to effect change. We should start to use that power. Voting NO could be a first step. And the next step would be to get some truly independent directors on the board and remove management from the board. Corporate governance is so critical to long-term success.
BTW -- I am 10-years long CYDY and will remain so.
CYDY mgmt doesn't seem to understand this basic form of equity compensation. Hence, the one excessive compensation suit they lost years ago. And now, they are in the midst of another one. One that was obvious it was going to occur as soon as it was announced.
I am voting NO.
And I wouldn't be surprised if non-insider holders now have the voting power to effect change. We should start to use that power. Voting NO could be a first step. And the next step would be to get some truly independent directors on the board and remove management from the board. Corporate governance is so critical to long-term success.
BTW -- I am 10-years long CYDY and will remain so.
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