re: APES CEO, he is the largest holder of APES stock. my view is that he would have made *more* money yesterday overall by *not* taking the bonus, purely based on his APES stock valuation. that extra $125k, if put onto the profit sheet, would have been a 30%+ increase over last year's profit for APES, and the stock likely would have tanked a dime less than it did. if he owns 2M shares, that's $200k *more* worth of tanking he took on his APES holdings yesterday, or a $75K net loss by him for taking the bonus.
if he wants to take all the profits - fine. but - probably hurts morale for anyone in the company but himself, and don't expect as many people to want to buy his company's stock; i know it's off my list now and that of several other people i know who used to be interested in taking large positions in APES before the 10K.
seriously, why invest in APES now? any profit growth looks likely to simply be sucked in by the CEO, so he can take a $928/month lease for his wife's car or however else he feels like skimming. seems unlikely to me he'd fold much profit back into growing the company. i have no problem with CEO's making major money. but - imho, a whopping *57% of all profits* with his $436K take sends the wrong signal, is too much, and - i'm out.
AI
