FormerXBC Inc XEBEQ

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Xebec Adsorption Inc designs, engineers, and manufactures products that are used for purification, separation, dehydration, and filtration equipment for gases and compressed air. The company operates in three reportable segments: Systems, Corporate and other, and Support. Its product lines are natural gas dryers for natural gas refueling stations, compressed gas filtration, biogas purification, associated gas, engineering services, and air dryers. The company's geographical segments are United States, Canada, China, Other, Korea, Italy, and France.

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FormerXBC Inc > legacy problem might be caused by management incentives

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Comment by Ciaoon May 13, 2022 2:33pm

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Post# 34682451

RE:RE:legacy problem might be caused by management incentives

Correction: should read that's just part of their invcentive bonus plan, 25% for rev, 25% for EBITDA, etc.

Ciao wrote: That's not part of their incentive bonus, you can read the information circular.

mingzhu wrote: management is rewarded by revenue they create rather than earnings. That is why they had lower bids to get contracts as many as they can no matte how matter cost thet were. Anybody has know such incentives. Thi is explain the large backlogs and falling SP.