RE:RE:RE:RE:RE:RE:RE:Proxy assignment date November 18th, this Friday.IMO it is the Board's fault for putting in place and supporting an incentive program which is not working for shareholders. The fact that in 5 years so many options expired worthless or were not exercised, yet there had been no accountability for the lack of performance says something. One of the things it says is that the Board sees nothing wrong with shareholders not seeing a greater share price after 5 years. The board members that are some kind of investment professionals should resign because if I was a potential client of sorts, I would be very concerned about that implied mentality. Easy fixes. Two-year option terms and board being compensated only through same two-year options...no cash. If you want to go further, reduce exec management cash salary and replace the reduction by these options.
Exec options should be different than those of the employees, for obvious reasons.