Disclosure: The author has a short position in one or more of the shares mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Range Resources (RRL) shareholders have just voted through the annual report giving their approval on executive pay. Hmmmmm.
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Comments
wildrides
The answer your looking for Tom , is that they are (alledged) prize corporate wankers who are ripping off share holders who inturn are too stupid to realise they just voted for another corporate greed extravaganza.
If the directors dont have a high proportion of their own skin in the game then dont touch the shares with a barge pole . Those directors obviously have no “ map of the world” in there minds that involves visable and tangable success occuring at their company . That in turn means that their subconsious mind is pre programmed for failure of the company . Every night when they go to sleep the brain reprograms its subconsious during rem sleep .The subconsious mind is then telling the directors to” protect your livelyhood and family by getting a big salery” , “priority….. get a big salery cos the companies going down eventually” ,” dont lock your money into shares because the price is going to fall long term” .Failure is their subconsious long term belief system for the company .
To be successful the directors need to stand to lose shares worth at least 1X their annual salery and preferably 1.5 times . If they aint “got the skin in” dont buy the shares ……….ask any good shrink ! its true I tell you ! the subconsious mind controls our every waking moment ………. we just dont realise its happening , but all the while it is …….. hence the saying “be careful what you wish for “ because your subconsious mind WILL make it happen if its at all bad . Then you will have to deal with Karma ! and that is a world of poo ! as the directors of hibu are soon to discover ! Especially the one called poocock , and the one who tries to wriggle out of commitments …wriggly .