Drinks Americas Holdings, Ltd. (DKAM)

[BCInvestor]

PK's salary is higher than many CEO's who run successful and profitable companies.

Since it is used frequently here, take the CEO of LIQR for example:

2007-2008 - $250K and refused 100% of it, did not charge it back to the company because it was a brand new venture and was only making a few hundred thousand in net profit for the year. His top 2 Executives followed his lead and did the same.

2008-2009 - $250K which he placed into long term debt at 2% interest. CEO felt that the company, although profitable by $900K NET, was not yet stable nor profitable enough to support a CEO salary. Top 2 Executives took partial salary.

2009-2010 - $250K and finally CEO and VP's began collecting, with the company making a $2.2M NET PROFIT.


Now look at PK:

2007-2008 - PK and his son take $300+K & $100+K and the company looses money and gets into lawsuits upon lawsuits.

2008-2009 - PK and his son take the same $300+K & $100+K and the company looses more money and gets into more lawsuits.

2009-2010 - PK and his son continue to pillage the company even when it makes less money in total revenues than PK's son's salary.

Anybody see a difference in management style here?