RE:RE:RE:gauging competence and integrity DaneOddments wrote: Well you should care if you want to recoup losses. Mithaq states that they want to try to claw back money paid for performance not achieved, and force Aimia to reveal which advisors got paid the $30 mil. in fees in 2023 for advising Aimia so well, presumably to try to claw that back as well. For example, imagine if Jefferies was the secret / unnammed advisor who received that $30 mil. (or some of it). And then Jefferies people and Jefferies JV partner MassMutual are buyers of the private placement? So they mess it all up, and take control of it on the cheap as a result of messing it up? A clawback might not be sufficient, that might require a lawsuit to rectify.
I don't see the current mgmt, who benefited from those idiotic machinations that put them in power, as doing any type of claw backs whatsoever, which is why they don't even mention the concept in their "strategy." They were complicit.
Agreed. Management has no intentions of trying to clawback anything as that would be admitting the same disregard for shareholders and their money they've shown for years. They won't touch that with a ten foot pole. I mean what sort of nonsense had to have gone on that they have even the smallest issue disclosing who got that money? As I said, new boss same as the old boss.
One part of Tom's interviews that I found particularly ingenuine (or maybe he is just as out to lunch as he sounds) was him trying to make it sound like they satisfied Mithaq's concerns regarding the Paladin situation by carrying out the termination agreement. Yeah, that made it all better bud.