InvestorsHub Logo
icon url

Invest83838

05/24/16 11:00 AM

#81168 RE: dmlcento #81139

DMLCENTO, Look at Most All Corporations

these days.

Their top managers are getting paid multimillions, and the larger the corporation the more managers within the corporation getting paid multimillions.

After 9/11/2001, the Government had to bail out the airlines because people temporarily quit flying and the airline companies did not have the cash reserves to stay afloat until people starting flying again.

They didn't have the necessary cash reserves because management had milked the revenues by paying themselves millions instead of keeping cash reserves.

In a similar manner, Amarin Management is paying themselves millions instead of allocating that money in paying off the debt and operating expenses. Amarin is a tiny company with no profits yet, and a prudent management would wait to pay themselves millions when their company was making billions.

It doesn't take an MBA to know these things since it is common sense. My ChE degree is much more useful than my MBA degree. It is much easier to obtain an MBA degree versus obtaining a ChE degree.

icon url

sts66

05/24/16 1:19 PM

#81186 RE: dmlcento #81139

Why would he lie about having an MBA? In any case, having one doesn't mean you learn or know anything about executive compensation methods, especially an engineer who gets one. At my old company, many engineers eventually went to night school on the company dime to earn MBAs so they could become program managers and move up the corporate ladder - I suspect Invest got one for a similar reason.