Good Morning PTYGOLD.
I have no point to pick with you. You may be right.
I did not need the Google translator since three of my four children are international attorneys and our family has been in Panama since 1541. Spanish, de Castile, is our first language.
Richard Fifer is actually an employee, if you understand the Corporate Structure, not the other way around. Whether he stays or goes is pretty much his choice is my best guess..
Perhaps I am not very smart as you suggest. However, I would suggest you look at the historical share prices: From $3.00 to $0.03 to $3.33 to $0.20 to $1.29 to $0.13 today all under the auspices of Mr. Fifer. Does it make sense that the latest decline you reference herein below would be cause for him to leave? History would say no. Soooooo...bottom line is that the company will have a restructuring to strengthen the BOD, my guess is the Richard will decide to stay. You will know a little more in a few days.
Although this board has been discussing changes at the top forever, not one single interested candidate has been put forward for any BOD position. In addition the ignorance about international compensation packages for senior executives is extremely apparent. Board members really need to talk to Heidrick & Struggles to be updated. An outside replacement's total package would probably cost the company around $780M to $820M a year assuming a wife and two school age kids in the family. So I don't see much to be gained from that standpoint. $60,000/mo. is about the median, but certainly less than the really good people can demand.
Please to not be concerned about my source of income. PTQ investment is not even one tenth of one percent of net-worth. I think the breakeven is about $0.39 now. Probably doable in the next year or so...
However, if you are moved toward a bailout, I'll take $7.50/share!!
Saludos,
Executive Search, Leadership Consulting - Heidrick & Struggles ...
www.heidrick.com/
Worldwide executive search firm, specializing in chief executive, board of directors and senior level management assignments.
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