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naturalborninvestor

11/22/15 7:55 PM

#12967 RE: Barn Cat #12966

You guys are getting too emotional. There is little you can accuse management of on the standpoint of corporate governance obligations, i.e. the infamous "fiduciary duty". They file on time, they keep the public informed, they don't misappropriate company assets. At most, it is debatable whether certain members of management should be legally allowed to withdraw financial benefits to privately controlled businesses while the company does not break even operationally. That to me is a problem never addressed. But we don't know if these payments replace a salary - for tax purposes - or complement it.

Ultimately, management's sole job is to create value for shareholders. By definition. If they fail to do so, work around them, but not against them. It's not worth the legal cost.