RE:RE:RE:RE:RE:RE:RE:RE:RE:Blue Vs Yellowselect555 wrote: so based on the evidence presented by the blue side why did this scum bag clark get paid 778K when EGL is failing so bad?
Putting your anger aside, there was no evidence presented by the blue side to justify nor dispute Clark's pay. The reality is hind sight is a very clear view. There are many factors and moving parts that drive share price. I'm not suggesting that management couldn't have done something sooner to reduce costs but with no one complaining it would be human nature to keep the status quo. If you were running a company would you step up and volunteer to reduce your income, not likely. And if you say you would I call BS because anyone can say that since the reality is they are not in that position. Humans are greedy by nature and only the very rich can afford to be magnanimous about reducing their income.
All speculation aside, ISS makes some good points. As I've said in the past, no one knows the future and any statement as to what is going to happen is pure speculation. Management has finally stepped up and said they will focus on reducing costs over the next 60 days, including reducing their income. That is one of the biggest beefs and what the Blue side said is needed. So as best as anyone can suggest, it is going to be done. The difference of drilling or selling in now the option. ISS says to sell into this market is not wise. They have no axe to grind nor nothing to gain. They are giving an arms length opinion. That opinion seems sound to me.
All the other arguments and speculations about what is going to happen if this or that occurs is nothing but red herrings and attempts to sway votes. The assets Eagle has are premium assets. All sides agree to that. So the question is, why sell those assets at a likely depressed price (as per ISS) as opposed to working those assets to reap the rewards?
Cheers.