RE:Share Holders Voting For the CEOIf your time is spent worrying about the compensation of the CEO you are wasting your efforts as you could be looking at the progress the company is making under his direction.
HEXO is progressing to profitability while others are lagging or have much longer timelines
HEXO is expanding it's presense in the market through the release of top selling products but also through the aquistion of companies with strong selling products. These acquistions are taking place at cut rate prices with projected sales figures reaching 1/2 billion annually (post-consolidation).
Those who admire the salary the CEO of a top Cannabis company is earning should really consider starting their own Corporation.
Good Luck with it... my investment dollars remain long with HEXO Corp
Q
quinlash wrote: Each year Shareholders of HEXO Corp have the opportunity to either for FOR the current CEO to retain his position or vote AGAINST him retaining his position and continuing to manage the operation in the best way he sees fit. Since HEXO Corp was founded Sebastian St. Louis has won every vote to retain his position and to manage the operation.
Voting for or against the CEO is done with Shares, the more shares you own the more voting power you have and therefore the more say in keeping the CEO in place or not. This may not sound fair to those who have smaller numbers of shares however one should realize that those shareholders who have larger investments in the company are indeed voting to keep our current CEO. There is only one way for Shareholders to benefit from voting for the CEO and this is through their belief that the CEO is making the correct moves to advance the company to success and therefore better Share prices
Sebastian is the company founder, these individuals are the most passionate about seeing a company's success and often have the most invested in the company itself, both financially and with time, self-sacrifice and not to mention the stresses of building out a new business on it's way to profitability.
Sebastian is one of a very few CEOs still in place at the head of a major LP since Cannabis was legalized back in 2018. He has landed not one but two major deals with Molson-Coors and now has an operation that is top 2 in Canada with expansion taking place into the US and overseas.
I will personally be voting for him to continue and execute the operation in his current fashion with the understanding that the Market Sets the Price of the shares, not the CEO