Friday, October 19, 2018 11:40:32 AM
BOD should be searching for a new CEO.
The newly composed board of directors is too sophisticated and knowledgeable to allow the company to continue to be led by Pourhassan.
So, my guess is that a search is underway for a new CEO.
Pourhassan would remain on as president.
In the meantime, everyone should vote against the exorbitant compensation package for Pourhassan at the upcoming shareholder meeting, or by means of written proxy.
Shareholders should also raise their objections to Pourhassan's compensation at the next shareholder meeting, and on the next investors' update call.
Pourhassan is undeserving of the $1M plus compensation package he has been receiving for many years, none of which was reinvested in the purchase of stock on the open market.
This is our money that Pourhassan is taking, and we have the right, if not the obligation, to see to it that the Pourhassan gravy train stops now.
LM
The newly composed board of directors is too sophisticated and knowledgeable to allow the company to continue to be led by Pourhassan.
So, my guess is that a search is underway for a new CEO.
Pourhassan would remain on as president.
In the meantime, everyone should vote against the exorbitant compensation package for Pourhassan at the upcoming shareholder meeting, or by means of written proxy.
Shareholders should also raise their objections to Pourhassan's compensation at the next shareholder meeting, and on the next investors' update call.
Pourhassan is undeserving of the $1M plus compensation package he has been receiving for many years, none of which was reinvested in the purchase of stock on the open market.
This is our money that Pourhassan is taking, and we have the right, if not the obligation, to see to it that the Pourhassan gravy train stops now.
LM
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