Spectrum Pharmaceutecals Inc (SPPI)

[antihama]

Article on the corporate board duties on the Wells Fargo mess and one can easily see how it applies to Spectrum.

A corporate board has many duties, but three of the most crucial are at the center of the Wells Fargo mess. One is to assess the risks inherent in the company’s business and handle them before they develop into a crisis. Another is to dispense compensation that does not encourage bad behavior. And finally, a board must monitor a company’s culture, from top to bottom.

It doesn’t take a rocket scientist to understand that Spectrum’s board is miserably failing on those duties so far. Wells Fargo CEO was docked a whole lot of pay, bonuses, and stock. Raj you gotta leave please.

http://www.nytimes.com/2016/09/28/business/wells-fargos-critics-aim-a-salvo-at-its-board.html