News Focus
News Focus
icon url

J-Rhino

03/18/11 6:26 PM

#162817 RE: dirtydave #162815

I call BS!! His salary puts him in the top 5% of income earners in this country. HE NEEDS TO START CLOSING DEALS, DAVE.
icon url

realbiz

03/18/11 6:28 PM

#162818 RE: dirtydave #162815

Nice breakdown Dirty Dave But you forgot about Overtime Pay which here is at least time and a half and holiday pay // Peace
icon url

manatee

03/18/11 10:01 PM

#162837 RE: dirtydave #162815

Whoa, take off the rose colored glasses for a moment please. For one thing, there are many hard working people making more than 20.54 per hour and yet make nothing even close to a six digit salary, it really dosent matter what your personal reasoning is.
Secondly the actual company earnings growth (by very limited and unreliable information) shows that there isnt any real sales growth, and that simply dosent jive with the highly touted distributor and product growth. The stock performance even shows that.
No real investors will buy into a company based simply on a so called hard working CEO when company performance is not showing any signs of life and fading out while finding long term lows.
This stock looked promising some time ago, as far as pinks go, but the constant dilution along with the typical false hope PR's simply are a classic buyer beware signal to the very investors needed to force the price up since fresh innocent blood simply cannot overcome the bloated float.

Strickly IMO, they will either offer a false divy, or claim an overpriced buyout, or pump a massive stock buyback, or do a ridiculous R/S, or simply fade to nothing. Or maybe they go to the moon. Take your pick. Even if I saw their product in my local LOWES it dosent mean they are selling enough product to make any money.
But I guess anything is possible
icon url

ActivClient

03/18/11 10:28 PM

#162838 RE: dirtydave #162815

DirtyDave...People do not really care HOW MUCH the CEO gets paid...I think your missing the point....They, as do I, as should you, care about how much money the company brings in yearly compared to how much comes out. The CEO's pay is one of the main things brought to light because it can be slimmed down very easily...People keep mentioning the fact that 5% of CEO's get paid much much more...but what they are failing to include is the fact that those CEO's run companies worth millions upon millions and can afford to pay themselves a lot more. For a company who has not once produced ONE profitable year in 5-6 years, how can you agree the CEO deserves 120K? And from the sound of it, you seem like you'd back him if he dared to increase it from there....

120k is indeed cheap for the majority of CEO's, I agree....but it is expensive when you break it down further than simply "time on the job"...Your hourly breakdown is frightening IMO...If the CEO truly works 365 days a year and 16 hours a day, you should not be praising him for the productivity of this company. If your telling me he can't get in more than 5000 stores in 5 years working 5840 hours per year for 5 years (29200 hours) then your breakdown isn't a good thing like you make it out to be, it only helps prove that his productivity could use some revamping. Anyone can stay at their job a few extra hours a day, sit behind their desk, and call it "overtime"...The only thing is, he is the CEO, so if he lives in his office, there is no one higher to tell him, stop wasting your shareholders money. For example, I use to work at a supermarket in Wilmington, Delaware prior to joining the service. When it got really slow in the store and their were no more customers, my boss, even though I had 2-3 more hours left on my work schedule, would send me home. The reasons companies do this is obvious. Why pay a employee to sit there? At the time to me it looked like they were being a-holes and didn't want to give me all my hours...but it's clear to me now that all companies do this to in the long run save millions of dollars yearly...

Eric's productivity with the amount of hours he works should be the main concern to ALL shareholders...not just me...16 hours a day for 365 days? Plus the fact that he has a team of employees who works probably just as long? I'm not saying we should have 10 NA's at this point...what i'm saying is, We should be seeing a linear line of progress right now if they claim to work THAT hard. Winning accounts and losing them and winning accounts and product sitting on shelves should not be happening 5-6 years down the road IMO...Some consistency would do us wonders...and a NA will not magically give us that...

My breakdown months ago should be a better example for you on why we are where we are with the current PPS....You cannot pay your employee's salary with dilution forever...and it has been showing for over a year and a half now...

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=56964026

We could get an NA next week and his pay may no longer be a concern to anyone...not because he deserves it or doesn't...works 16 hours a day or doesn't...it is because his company may then be in the position to tolerate that expense...

Nothing negative about my post...this is pure opinion and realistic views on the everyday trials and tribulations on what happens when CEO's want their cake but haven't produced the goods...(yet)
icon url

balloon

03/19/11 4:43 AM

#162858 RE: dirtydave #162815

I think he will be making a lot more soon along with a lot others who helping.
icon url

bucksmypup

03/19/11 6:43 PM

#162876 RE: dirtydave #162815

the only problem with your logic is that your comparing that to companies that are actually making money. Also your forgetting about all his other perks. Like cell phone insurance what ever else he writes off.

You also forgetting how many shares he might own.


are also forgetting this is salary is probably one of the biggest dilutive measures out there.


yes he is over priced for controlling 100% of everything dont ya think.

Eric is the big winner already while probably 95% of his shareholders are in the red badly.


I think you need to take the rose colored glasses are my friend.

This stock is in alot of trouble.

Like taki stated. I have never seen a stock just get going down like this one with barely one mini rally in the last 14 months.

WHATS THAT TELL YA. ITS TELLS YA THIS IS A CRAP STOCK ON THE EVE OF WHATS SUPPOSE TO BE THE BIGGEST EVENTS IN ITS HISTORY.

BY THE WAY DUANE READE IS GOING ON ALMOST 3 MONTHS LATE TOO.

WHAT HAPPENED TO JAY UDELL BY THE WAY. EXCUSE AFTER EXCUSE ON THAT ONE.

LOOK INTO THIS GUYS EYES. I SEE A CROOK EVEN THOUGH IS IS SO EVER ELOUQUENTLY TAKING YOURS AND MY CASH.

my guess is that .005 will be hard to come by now. this one is almost dead.