J2 Global Inc (JCOM)

[darrenR]

Has anyone seen this report? Hindenburg put out this report on a company called j2 Global and some of this stuff is crazy. You can read the full report here : https://hindenburgresearch.com/j2-global/

Here is some of the stuff highlighted in the report

1)The CEO made $45M in 2018 more than the CEO of Microsoft or JP Morgan. But he isn’t the only exec that got rich. Hindenburg also mentions how through a bunch of related party transactions, other executives got enriched too

2)Hindenburg says how they bought a company from the VP Corporate Development which was based out of resident for $20M. One month after this purchase, the VP bought a new mansion in Cali

3)The report also mentions a bunch of financial connections between the executives and so called “independent board members”

I’m not really an expert in this stuff but if what’s mentioned in the report is true, it’s unbelievable to me that j2 can get away with these things