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Thursday, 08/25/2016 3:01:13 PM

Thursday, August 25, 2016 3:01:13 PM

Post# of 80868
I like this Ryan Drexler guy - you should see the letter he wrote to the CEO of Quicksilver, it's brilliant! He really didn't hold back at all. Here's an excerpt:

As for yourself Mr. McKnight, the company paid you total fiscal 2014 compensation of more
than $3 million in your prior position as executive chairman – almost three times the former
CEO – and more than $6 million in the prior year. You received this pay while the stock price of
the company plummeted 85 percent and the company suffered a net loss of $320 million; a net
loss that now exceeds the market capitalization of the company by more than $20 million. Given
the abysmal performance of the company under your direction, your compensation package
would appear to be quite excessive, especially since $2 million of your compensation in 2014
was for monthly “severance” payments, despite the fact that you never left the company.



https://sqps.onstreamsecure.com/origin/multivu_archive/ENR/200705-Consac-LLC-Letter-to-ZQK.pdf


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