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Thursday, April 13, 2023 1:06:02 PM
Absurd to suggest that Linda Powers who owns about 100 million common shares isn't aligned with common shareholders.
The misalignment can be found in how much Linda Powers pays for those shares (or perhaps does not pay) compared to common shareholders and to what extent she can insulate herself from dilution by having an outsized role in executive compensation whereas regular shareholders can only fight dilution by risking more or their limited resources. Naturally there is a great knowledge differential that allows Ms. Powers to stay invested and acquire more with greater confidence than the average shareholder.
This all means that at least when in comes to unlocking shareholder value in a reasonable time frame, Ms. Powers has significantly different needs and interests than most other shareholders and that represents a misalignment.
To suggest otherwise is what is absurd.
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