Yes, I would agree with you, but only IF that is what the CEO was doing.
Unfortunately, Larry is in a kind of no win situation. He HAS to travel to other countries to inform, market, and network for MVTG. That is part of the job for any CEO that is trying to establish international markets for their product.
If he stayed in BC everyday chained to his desk that would not be a good thing for MVTG either. So great, he would have saved us shareholders $100K or $200K in travel expenses. So what? If all that travel never resulted...or never results in anything (future tense) he obviously would be open to criticism and claims that he was just living large off shareholders.
But IMO it is unfair and inaccurate to say he has never delivered anything. The only thing that remains in question is if what he has delivered so far will be good enough to eventually deliver something of tangible value to MVTG shareholders.
Just for some context, my largest holding is ADXS. The CEO there has delivered a 400% increase for shareholders in the past 12 months and some shareholders still attack him regularly as either incompetent or corrupt and in collusion with hedge funds because the stock was up 1000% earlier this year and now is only up 400%.
Unfortunately, at the end of the day the CEO of any publically traded company will only get judged on the stock price. But the stock price on any given day or month or even year may have no bearing on how good that CEO is or what accomplishments are being achieved inside the company. At any given time things could be much worse or much better in any company than the PPS at that time reflects.
JMO.
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