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Thursday, April 11, 2024 7:45:53 PM
This is a company listed on the nasdaq. Its in the big boy league now. Where the men are seperates from the boys.
Clearly, this targets were evaluated in the end of 2022 or early beginning of 2023 and deemed to be achievable.
These targets were set on paper and approved by the BOD.
Its lebbyand marcellis task to reach these targets to retain their target bonus. Clearly, they have nog succeeded in doing so and were only awarded 25%
Your argument has absolute no ground that its is possible and ok to miss the targets.
Thank god we have no analysts coverage coz then they will change their advice from a buy/hold to a sell. Because they look at hard facts. And numbers i.e. money is a hard fact. Failing to reach your target by 75% as a director or employee is indicating that you failed to do your job. Ok, not failed to do gour job, it indicates you can only do the base. Because you only were entitled to get your base salery.
Furthermore, its marcelli's and lebby's job and responsibility to reach the targets and bloody work for it to ensure that they are reached. There is no act of god clause applicable in a company. Its deliver only.
Recent LWLG News
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 08/13/2024 08:58:16 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/12/2024 08:30:07 PM
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- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/09/2024 08:14:43 PM
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- Form 8-K - Current report • Edgar (US Regulatory) • 05/24/2024 08:01:14 PM
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