bspencer, I reread your linkthru,
basically you are saying
1. management needs to buy stock on the open market
2. no dilution (so the Safend purchase e.g. was a f.u., by far the single most 'dilutional' event in the last couple years)
3. be accountable
On accountability, I simply have no idea if people get fired at Wave or not. Certainly senior management has not fired themselves. The Feeney thing, well, I certainly wasn't happy with it (and considered it caveat-laden ill-advised gibberish), but on the other hand, he has managed to fund the company, and while the consequences of that funding are unpleasant, the alternative was to fold-up shop, and I'm not sure how that translates to share holder value.
Certainly their exec compensation does not sit well with me, but I can't find a company where it does, certainly their communication is awful (too much blather, not enough hard clarity that even affords the impression of accountability or that accountability is part of the Wave culture), and certainly, it would be nice to see them buy stock.
If they did all of those things tomorrow, it might affect SP (the transient measure of shareholder value).
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