RE:RE:RE:RE:RE:RE:Just votedHow it is addressed at the AGM will have a significant impact on how long I remain. In the end I appreciate that as a retail investor I only have three types of votes: buy, hold, or sell. If I am not happy with the AGM result my only action will be to reduce the sale price of my shares to 18 or 16. I do not believe I need accept a loss as there is lots of potential for this sector with USA and Germany opening up in the future. I do not think Irwin Simon is a bad CEO...but in light of the share performance I feel, as most others here do, his compensation is not appropriate.
CommonCentsforDollars wrote: I was referencing the compensation package. Seems like getting paid a sales commision on forward looking sales, not sure what type of company does that. I would like to see significant growth in actual Earnings before they are all rewarding themselves.
I think most investors will be sore about the 10 million self rewarding bonus for some time. Overall I like what Irwin has done with the company but he shouldnt be rewarding himself before shareholders see results to the bottom line. Irwin was putting a real effort trying to connect to Joe Retail investors earlier in the year and to do this Bonus was like taking 10 steps back.
Although I know we will never see it happen but to build a relationship with Joe Retail he should be spending a few million of that fatty bonus into buying shares on the open market. There is no better way for Irwin or any CEO for that matter to connect with Joe Retail than by putting some skin into the game.
skyplt wrote: Going back to when Mr. Simon was first brought in to APHA, what was promoted extensively was his affiliation with Carl Icahn and a possible Whole Foods connection. This has not panned out. What is wholly unfair to shareholders is a promise of 1B a year in sales, yet we are not progressing well toward that threshold. There should be performance metrics applied to C-suite compensation. When I queried the CEO about his compensation being out of synch with the share price I was not very nicely advised I should look at the entire sector. That is a cop out as far as I m concerned. A CEO making tens of millions does not blame "the market" for lackluster share performance. My only concern is succession planning. Though I believe Mr. Merton a good CFO it is not the same as CEO. Interesting development at HEXO. It did not seem to be a big disruption. I am not so sure I want Irwin Simon gone, just a clear message through voting down compensation that shareholders expect share price increase for that type of coin. Who would take Tilray to the next level?
CommonCentsforDollars wrote: This topic I expect is the 1ST topic to ever hit this stockhouse board that we ALL can agree on.
A unanimous NO from everyone. Happy we all can agree on something. Maybe I should look for the blue moon tonight.
newfrontierMJ wrote: I totally agree, that's why today's news release means nothing other than the management team giving themselves another milestone bonus and hence miss or not improve their next earnings. Bonuses should only be given when goals are meant or exceeded. I like what Irwin has done so far but Tilray is no where near his promise of $1billion+ annual rev. I vote NO