RE:RE:Ceo wants to "reward" employeesAmadeus2011 wrote: With all due respect, you're wrong.
Information I have from current and past employees says that everyone there has taken multiple pay cuts "over the past several years", including the execs who in my opinion have actually been doing very well in a multi-year downturn, which has now been compounded by market access issues - as you're no doubt aware. In otherwords, you're wrong about a lack of adaptability. ESN has shown itself to be extrememly adaptable to the current realities in the sector.
In fact I'd go so far as to say the very fact they're still in business and have such low debt unscores the good work management and employees have been doing.
Yes the stock has been bouncing around all time lows for a couple of years now but that has little to do with management and more to do with market conditions. Its just not a very exciting sector right now which means there is no catalyst to cause a big upswing in business and a jump in the stock price.
If you've held the stock for a few years, then a few more won't hurt you. In fact you should be seeing this as a buying opportunity to average your price down.
Shareholders own company.... Not employees or CEO. People who still have a job should be grateful. Shareholders stockprice is priced as the cheapest service company in North America. Either buyback shares or get bought out and some employees will get fired in merged company.... That's how it works. If you don;t like it, then take the company private and they can do whatever they want afterwards.