Replies to post #236291 on Wave Systems Corp. (fka WAVXQ)

[Down And Out Man]

"This is why a strong board is required and it is obvious why there was a push for status quo."

Obvious why the CEO wanted status quo. Never could understand why so many "influential" shareholders fought so hard, for so long, for status quo.

I'm pleased that we FINALLY got some of the change we needed. Just hope it isn't too late.

[aleajactaest]

hi duke,

i agree.

the way i put it is that his compensation scheme was a hedging arrangement which seemed to incentivise both incumbency and long run performance.

it produced what you might rationally expect: the telescopic business model. the longer he stayed in place, the more he guaranteed his personal wealth. just so long as the horizon stayed where it was and the possibility of future success was plausible, it was a great gig.

the trick was to avoid getting sucked into the vortex of his optimism. once you looked at current performance and ignored the jibber-jabber, the reality was pretty easy to see. everyone who did that came away pretty much disgusted.