PrepaYd Inc. (fka PPDC)

[StockAnalystNYC]

CEO Berman's compensation "Excessive and Unconscionable" Total compensation for PrepaYd CEO Bruce Berman exceeds $575,000 per annum, according to Company documents. This compensation amount is greater thaqn 40% of 2011 revenues. Since the CEO's Compensation is also greater than PrepaYd's total gross profit. No Company anywhere pays a CEO such a high percentage of revenue.

Components of Bruce Berman's annual compensation include a base salary of $295,000, eight weeks of paid vacation worth $45,000, family health coverage 100% paid by the Company valued at $50,000, and $170,000 from a related party transaction. (Mr. Berman sold a Company he owned with $32,000 of assets to the public Company he controls (PrePaYd, Inc.) for $750,000 and receives $170,000 per year for this self interested dealing).