Beneficial Holdings Inc (BFHJ)

[Black Beerd]

Here's what I think a very smart CEO would do in Greg's position entering into this new venture knowing full well the previous performance of the company and its mngmnt. 1st of all I concede a R/S needed to be done..... Now I would run the numbers of my plan ...I would refigure my numbers based on making what an entry CEO of a new emerging company would conscientiously pay himself. I would have used a figure with a base bay of 100 k....then build it based on measures of success that warranted the added increments of salary increases. If he performs he gets paid accordingly...this isn't an established company yet that I feel should have this kind of salary structure...He also knows that. I can't help it if his life style needs that pay...he's doing it on the backs of the shareholders who have zero say in the matter and to whom he has no accountability to. But to be paid 400k and not have anything in the form of any measurable results is IMO a scam tactic. I believe the CEO knows this as well. It would be an interesting question if he takes any questions at all. It might be collectively a good exercise to make a list of questions in advance for this CEo and his salary structure.

Mine would be:


Given the salary you pay yourself, how can the shareholders determine the benchmarks of success that can be measured so they can better understand the value growth (or otherwise) of their security holding and realize the measures of your plan better ??The reason I asked is because this isn't a normal salary structure for a PINKsheet publicly traded company CEO that has had the history this one has and a historical 5000/1 R/S for an emerging company and that the salary is 25% of the debt.