"OCAT "Therapeutics" board-member Robert Langer "
Wiki?
Well, he jointed the ACTC (OCAT) board in 2011, brought on by CEO Gary Rabin (That's Rabin of SEC violation and conviction fame).
Apparently the BOD was not "hands on" or monitoring the company activities and day to day business close enough IMO, to keep their CEO from committing SEC violations, leading to SEC prosecution, fines, the exit of the CEO, etc?
What was the stock price and company value in 2011 when Langer got a BOD seat and what's it at today? Looks like while he was a BOD member, the stock diluted out to past 3 BILLION shares, was a solid OTC penny stock and sold for at least as low as 5 cents a share. Not bad I guess?
Normally, BOD positions are essentially just paid spots, handsomely paid to lend their name and potential connections to a BOD, show up and meet a few times a yr at the most, etc.
Celebs, former astronauts, political figures etc often sit on BOD's for large companies, getting paid easy money to lend their names, status, connections, etc. It's good money for a few meetings a year.
I'd need to look at their 10-K to find out what Langer and others are getting paid in annual compensation and more than likely shares of stock, options, etc for their BOD participation. It'll be in the SEC filings somewhere. I might check it out later.
