Amarin Corp Plc (AMRN)

[TastyTheElf]

Anybody who has worked inside a public corporation knows that the management of the corporation cares only about one thing -- their own careers and their own compensation.

Everything else is for show. Companies where management has a big stock-based incentive are better, generally, at doing well for shareholders only because management itself benefits from share value increases.

Corporations suck. Their management usually sucks. They go to the public markets to get capital for their own purposes, and then the second after they have the capital, shareholders are Enemy #1 because they interfere with management's cushy life. Management always hates shareholders -- they see them as annoying rabble.

I guarantee you current AMRN management feel ZERO responsibility for the horrible ride shareholders have been through. They see this company as their own personal vehicle for wealth and success, starting from the very bottom in value. Believe me, they would do a reverse split, dilute the beejeezus out of all of us, reload themselves with tons of cheap equity, and then act as if it were a miracle if some revert-to-the-mean increase in share price got them all rich with no real benefit for us. They could care less about us.

The only counterexample I can think of to this is where a charismatic entrepreneur took a private company to stardom. The entrepreneur sometimes remembers where they came from, and the role that going public had in their own success. Once that entrepreneur moves on and the company falls into the hands of normal corporate management -- that new management hates shareholders.