Mgmt and CEO package
how much are they looking at if PE takes over.? MT is down $CDN180M from all time high.. He may believe that he can get that back in few years but he is forced for strategic alternatives by whoever.. so he gotta swallow some loss but hope for some package for departure. Would this be holding up talks little further?. Concordia is only few years old and MT definitely didn't make enough $$ what he hoped.. 2016 will be a dismal year if gong show continues so no performance for 9M salary.. Mike Pearson of $VRX was billionaire at some point now got kicked out.. So if there is hostile takeover at $USD45 MT loses bigger and suck up all and left with only 2M shares to sell if shareholders approve which I bet will be in a heart beat.. In the end CEOs can't do much, shareholders cut $ABX's CEO salary big time, or look at unfair takeover of $XSR.TO, rip off CEO btw... That said the longer this uncertainty goes the more trouble for longs and MT.. They better put $XY offer for shareholder approval and if it gets rejected, MT can continue his journey with Concordia.. This way we will have floor for share price and may even get higher bid if sentiment gets better and continuing earnings execution which I have no doubt about. Though strategic alternatives may mean just more than BO.. CB