nottachance
the structure of exec compensation over 14 years was grossly excessive.
your logic doesn't fly on Wall Street - only in voidland.
it's okay, but the loan was inappropriate.
if they had awarded options w/strikes @ the 52 week high, i woulda supported that b/c it is rooted in performance.
your reverse rationalization doesn't jibe.
but i *know* a lot of people are really happy right now & i'm glad to see so many w/disproportionately high %s of their portfolios in wavx (& most underwater).
my only significant differences are w/mgmt's conduct & philisophical ones w/voids who defend the conduct.
genereally speaking, voids are overall some of the nicest people on the planet (or orbiting the planet, as the case may be).
i'm happy for you BB & every other void from ham & egger to Snack for the swelling of their equity accounts balances.
i truly am happy for you & many others...
best,
SPIN