RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Should dual class shares be eliminated?"I am guilty of buying this because I thought there was "value" there, but I feel like the company is not being run with the interests of ALL shareholders in mind.
This latest news of the retirement bonus and further payments during the transition are the final twist of the knive.
Agregious is the word that comes to mind.
New rule for me.
If there are multiple voting shares, I will not buy the stock.
My problem is that I feel I should sell this and move on, but I think that I have to sit and continue to be milked while I wait for a higher exit point."
Yes. It appears that a culture of corporate kleptocracy has become entrenched in the senior executive offices. If Peller were to be truly concerned about the company, the "retirement bonus" would be renounced and a salary of $1/yr would be announced, in addition to changing the share structure to assigning equitable voting across all share classes.