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Tuesday, April 24, 2012 2:48:51 AM
People buy stocks to ultimately sell, CEOs should respect that and work to give shareholders that opportunity.
The role of the CEO is to create and protect shareholder value over the long term, not to provide "opportunities to sell". It's precisely that thinking that the CEO should avoid. The only sympathy longs could (should) have in that respect is that the low PPS creates more dilution during fund-raising and stock grants. But given the microscope the company is under with the SEC investigation, they are hardly in a position to be able to take action to influence the share price.
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