Optionable Inc fka OPBL

[rocky822]

Just saw this and found it interesting:

Optionable (OPBL.OB) – If I had to highlight the biggest problem with this company, it is the excessive CEO compensation and the inability of shareholders to do anything about it since NYMEX and insiders own the majority of the company. I don’t really understand why the CEO received about $1 million in CASH compensation, and another $400k in stock compensation, for a company with a net income of just over $6 million for 2006. OPBL is committed to returning money to insiders rather than shareholders at present. True, the growth rate is impressive, but it will inevitably slow, and when it starts to slow, that executive compensation is going to start looking a bit excessive. Maybe we should think about tying his pay to net income rather than to revenues? The only way to change this fact is to rally the shareholders and clamor for change, and I hope that shareholders will take a good hard look at the proxy statement this year and express their thoughts on the matter.

http://smallcap.seekingalpha.com/article/31298