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Re: UncleverName post# 9440

Tuesday, 09/09/2003 3:20:03 PM

Tuesday, September 09, 2003 3:20:03 PM

Post# of 248947
okay unclever

but i can't even understand this less than cogent statement:

"CEOs were paid tens of millions of dollars to go bankrupt; by your logic, SKS should be getting 9 figs."

i was just using the study *you* posted to demonstrate the fallacy of yer camp's belief that SKS has been "fairly" compensated.

curiously you utilized only his base salary to conjure the falsity that his comp is in line & yet again concealed the fact that the *lowest* revs in the sample were nearly $2mil.

even accepting yer premise, the *lowest* company in the sample still realized TWELVE TIMES HIGHER TOP LINE than Wave.

repeat: that is 12x for the lowest results in the sample!

we both know that SKS receives total comp well in excess of $400K & took only a nominal bonus reduction, yet continued to garner NON-perf based bonus.

i too will leave it for each reader to decide henceforth, but *you* posted the study & the numbers do not even remotely support what you indicated. in fact, they categorically support that SKS' comp has been beyond bloated for his entire tenure.

the BofD didn't pull the salary numbers from a hat... they pulled it from yer pocket!

heck, pay him more!

'cuz i don't care!!!

just bring on the news!

have a good day,

SPIN

PS Tommy - of course i do not expect SKS to earn 1/1472nd of the median salary. that too is a silly posit & the fact is that i don't care anymore. caring about the corporate governance caused me to make some trading mistakes that i refuse to make again. As long as Wave executes i couldn't care less anymore. But in the bizarro world of wavedom logic, being a trader is being a traitor & SKS has "earned" every penny. it's pure nonsense & i'll betcha that an enormo % of this group trades all the time & caps every rally (though they always claim keep their "core," whatever that is!).

PPS nothing personal taken either btw & fwiw.




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