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Friday, March 25, 2022 9:01:33 PM
I would place less trust in a team member who liked wearing pyjamas in public as opposed to someone who is in the trenches with investors. Taking obscene compensation ahead of anything close to approaching a real product would not be my first choice of an investment opportunity.
One will of course note that this particular position is clearly augmented by diffuse and non-arbitrary rationale whereby it will be, can be and most likely is difficult to defend a position whereby executives are rewarded handsomely, ahead of any real progress, and with little to no follow-up on agreements that supposedly would be of benefit to shareholders. Their press releases may well have been written by a fifth grader or someone of less ability. The difference therein lies in the careful reading. Given one lofty member of the company careful reading while wearing pyjamas might seem to go hand in hand. However as a goodnight story the only frightened ones are the investors looking for the tinder box in this fairy tale.
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