Troughers don't give a second thought for peasants like us, as long as they can live their upmarket lifestyle then all is good and dandy.PS-I reckon her actions are unprecedented in a CEO.
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Agree, and I don't blame her apart from her shortsightedness, I blame the board and Chair for a shonky deal signing her up for a entry bonus that she could shaft shareholders confidence anytime she chose to. Unbloodybelieveable. And the back story of shareholder dilutions filling these Execs pockets with easy money.
Should be an interesting AGM. A vote of no confidence in the directors and CEO would sure shake things up.
She probably looked at the SP, and like of shares she had and thought "oooh nice payout for only a couple of months work. The high PE probably helped the decision, and the extra shares to come.
Isn't it great when you have a board member whose interests don't align with the shareholders?
On the other hand - if this keeps up they will be almost within my reach!
Her interests align exactly with shareholders, just hold long enough to make obscene profits and get out. Only she had to hold for only a couple of months whereas us mugs have to invest years in the game.
Still don't know whether she's read the tea leaves and said to herself, 'hey this puppy is way over priced, I'm going to strip my winnings now rather that wait for god knows how long for it to catch up'.
She smashed around 1/2 billion in capital value today at the expense of shareholders, I hope she's very frightened about her future and I also hope the Board and the Chair are also reflecting in particular on in their ineptitude enabling this to happen.
Disc: not short. But pretty bloody pizzed off about it!