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Re: SandridgeEnergy post# 55894

Tuesday, 05/17/2016 10:31:37 PM

Tuesday, May 17, 2016 10:31:37 PM

Post# of 63559
Let's think about your insider open market purchase theory a little bit by way of comparison - Jamie Dimon makes $30 million per year and was recently lauded for investing $27 million of his own money to show insider faith in JPM. Problem is it looks more like an insurance policy premium to save his annual $30 million in compensation into perpetuity. By the way, a US Senate report published in March 2013 after 9 months of investigation indicated that Dimon misled investors and regulators in as losses rose dangerously to $6.2 billion on a “monstrous” derivatives bet made by the "London Whale"

Sure is nice to keep your $30 million in annual compensation partly due to proping up the stock by showing his support with a $27 million investment. Sounds like a good bet to me particularly when guys like you indicate buying shares of your company its essential to show belief in the company.