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Those onerous votes allowed management to give itself

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spec machine   Friday, 05/04/18 09:37:12 AM
Re: Trueheart post# 107237
Post # of 107286 
Those onerous votes allowed management to give itself huge bonuses year after year, good years and bad,

Which where the "good years"?

I think you actually meant the years that would have been at least in the black if not for the self-serving mgmt

As far as company performance there were only BAD and HORRIBLE years for shareholders

Smith and Butler didn't seem bothered at all by the wasteful spending on play toys like the submarine and the petting zoo as they drove the stock value straight down the toilet

Once Butler got all the salary he could get and as much of Smith as he could stand, Butler cashed in every share he had awarded himself and bailed out

Now, DDI is suffering from an IQ deficit ...

... in addition to all of the other ailments like

-inability to focus on ANY market sector (what will BoyRon do now? flying submarines, helium filled pool toys, magical fishing lures, patented non-round car tires)

-inability to even MAINTAIN their SMALL footprint in GOM O&G services

and WHAT WAS THAT PANAMA THING???

a million bucks (IIRC) of shareholder money dissappears in Central America without any rational explanation

I mean really????, it was something like "we were opening an office there but decided not to"

REALLY???


Bullshit doesn't cost $1M

spec

- Foglifter -

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