Post by
Kisu on May 31, 2016 2:02pm
CXR Down 6% While Valeant is Up in the US
Must be the news that the VRX ex-CEO is getting a 9 Million + severance for sinking the company share price 90%
Comment by
Gashole1 on May 31, 2016 2:04pm
How do you get one of these gigs anyways? Mess up a company and then get instant lottery jackpot x 10. Lol, NO job is worth the money ex ceo has made.
Comment by
CNInvesting on May 31, 2016 2:05pm
How is that even possible considering all the millions (hundreds) he's already had ? I don't get it. Why on Earth would the board authorize such ''money-dumping'' when some shareholders have seen their shares lose 90% !? Geez.
Comment by
WillyWally on May 31, 2016 2:12pm
Welcome to Wall Street, where you get a bonus for sinking a company and get a major bonus when the board has to get rid of you.
Comment by
Aminvestor1234 on May 31, 2016 3:04pm
CNInvesting: I think it's called the "big boys club". Regardless of what they say about each other in public. They take good care of each other in private, at the expense of others.
Comment by
CNInvesting on May 31, 2016 3:15pm
Yeah and perhaps you believe that Ackman and Pershing's investors are happy of how things went with the share price ? Though I suspect he has an arrangement with Pearson to remain silent since he himself was involved in this mess. You're right however, it's always at the expense of others.