RE: RE: Shares held!!!!My take on Givmeabrake's garbage post is a bit different and simple.
You want to run a company like a private business, go ahead. Pay yourself $10, 20, 50 million in pension if you can...drive a Ferarri and expense it, rent a private jet for all those trips to Oz and continue to hire VPs by the bushel, fine....it's your company and thus your perogative. I highly doubt the company finances could withstand all of this but, hey....you never know...
Now, if you want to get rich by taking your company public and ask investors/part owners to cough up their pennies, then they have a say in how their pennies are spent. I haven't started a business from scratch, but have worked in large multinationals, held P&Ls multiples larger than Graeme's hobby and have been responsible for staff in amounts orders of magnitude more than BNC.....that didn't allow me to sign off a pension slush to my personal account, nor did it allow me the ability to act like an emperor. Net net, Graeme made the decision to get rich by taking his company public, get rich with other peoples money in essence...just like most snakeoil salesmen. Graeme needs to live by the same sword and rules at that point and not run our company like it is his. Stronach got away with that shyte because of the shareholder wealth he created.....McRae has done sweet fuk all other than line his pockets and the pockets of his buddies.....nowhere near good enough to pretend the company is still his.
So Brake....I cry not for Graeme, as he collects his healthy shareholder paid pension fund, drives around in his paid for company car and gets first class trips home on our dime. Admiration for his accomplishments ceased when he took his company public...now it's all about what has he done for me lately.....meaning every single quarter....the short answer is fuk all.... of course not counting suckling for the corporate treasury teet and appearing to have a kidney stone on Global TV.