Of course, musicMagpie (MMAG), the cash guzzling POS floated with a fraudster steering the ship, is already in Dire Straits. But now let’s chuck in some executive greed.

AIM sewer-listed Pressure Technologies (PRES) says that it has established a new executive incentive arrangement, the Pressure Technologies plc Value Creation Scheme  which “provides a strong motivation to executive management to maximise the performance of the Group in a manner that is closely aligned with the interests of the Company’s shareholders.” Oh yeah.  If so I am a monkey’s arse

On Monday morning, Kefi Gold & Copper (KEFI) boss Harry Adams said he was unaware of anyone opposing a plan which would have seen him trouser a $1.5 million cash bonus – on top of his annual drawings of £337,000 – within two years just for doing his job. I made it bloody clear that I was livid and would vote against all proposals at the forthcoming AGM if Harry did not think again. Today he did the right thing and thought again.

I discuss Abi the teenage curtain twitcher snitching on me HERE and also my training walk today. Please, please, please do donate to Rogue Bloggers for Woodlarks HERE. Then into Versarien (VRS), Glaxo SmithKline (GSK), executive greed and ESG nonsense.

I discuss rocketing unemployment – and we ain't seen nothing yet, shares making higher ground and folks paying to lend money to the Government. It is all insane yet, on balance, I remain a bull of shares. Then I look at how nothing has changed with regard to executive greed citing three examples I have covered elsewhere today. There is a fourth which makes what I outline today seem like a nothing issue. It is linked to shameless stock promotion and I will expose it all at the weekend in a new premium, i.e. we charge 99p, podcast to replace Shareprophets Radio. Media models based on advertising and sponsorship are, in my view, dead. I think 99p for a 2 hour video & audiocast is a fair price but what do I know? Finally, we are now at 20% of our target at Rogue Bloggers for Woodlarks. Help us get to 23% by tomorrow, please donate HERE

I start with a swipe at the failings of the deadwood press and the behaviour of the soccer Premier League. More on the former in a podcast on my own website later this weekend - a promise for comrade Euro Loon Jonathan Price. Then a look at Debenhams whose demise I regard as a silver lining from the Covid 19 cloud. I think Zombie firms should all perrish. But the main part of this podcast looks at Executive Greed and with firms asking either investors or the taxpayers for a bailout now is an ideal time to lance this boil. 

Britain's tiop fund manager, my pal Mark Slater, has said that he will vote down annual reports where he sees unacceptable executive greed yet his largest holding is Future (FUTR) which not only has major fundamental “funnies” but is a case study in obscene executive greed.

At last a top fund manager has stood up against executive greed. My friend Mark Slater has written to the boards of all companies where his funds are invested making it clear as to what he finds acceptable and that he will lead a vote against any unacceptable practises. Three cheers for Mark Slater. The letter is below.

There are  no guests in this  week's show which is sponsored by Open Orphan PLC (ORPH). it is just me, at the end of a momentous day in the world of financial services. First up I discuss Thomas Cook (TCG) and grandstanding by limp dick MPs, executive greed, the failings of NEDs and fund managers and the heroin that is debt. Then the vast bulk of the show is devoted to Neil Woodford. What went right and what went wrong and why? Why the FCA is cuplable and why Woodford should go to jail. What were the warning signs everyone bar this website ignored? Who else is to blame? Why Hargreaves Lansdown (HL.) must be broken up. What will happen to each of the 3 vehicles Woodford was fired from or quit yesterday and how much cash investors wil get back.If you like this and can't wait seven days for more of the same  and are tired of being a cheapskate you should listen to my Bearcast every day.

The Financial Reporting Council has announced that it is to open an enquiry into the accounts of Thomas Cook (TCG) for the year ended 30 September 2018. Too little too late you say. Well perhaps, but what is at stake here is the poison at the heart of capitalism, the incestuous relationship between auditors and PLCs.

I suppose Neil Woodford does not care about executive greed at Allied Minds (ALM), people in glass houses, etc, etc. But it seems as if Richard Bernstein of Crystal Amber is not quite such a happy camper and is particularly pissed that the fat cats refuse to discuss it with him. He has now taken to twitter to express his ire as you can see below.

The title explains it all. Enjoy. Meanwhile.. we are almost at £5,000. We are seeking to raise £20,000 for Woodlarks. that will be a game changer for a great charity. 95% of listeners have not donated. To those who have I say thank you. To the rest, I know you can afford a tenner. Please cough up now HERE

March-announced results for 2015 from WANdisco (WAND, the self-described provider of whatever “enterprise-ready, non-stop software solutions that enable globally distributed organizations to meet today's data challenges of secure storage, scalability and continuous availability” are) included that the company had required to make the first drawings on a $10 million revolving credit facility after a $26.1 million net cash outflow before new financing saw year-end cash at $2.6 million. This saw the shares on the retreat back towards 100p, but they have since recovered to a current 175p. Hmmm…

Yesterday in his BearCast, Tom Winnifrith offered subscribers to Leni Gas Cuba’s (CUBA) controversial 2p placement some excellent advice. He suggested that if the placement participants were not made aware that the company’s founders were about to or had just issued themselves 250,000,000 shares at 0.01p (for just £25,000) they could stand a very good chance of getting their money back. To do so they would need to complain to the Financial Ombudsman Service (FOS). Below I provide more information about how to go about this.

Technology company specialising in the collection, delivery and management of video, Vislink plc (VLK) has announced results for the first half of 2015. I update following my July critique (HERE) of the company’s “incentive policy” for executive directors and senior management…

I previously updated on Clean Air Power Ltd (CAP) in June following a 3:33pm “trading update” asking, with the shares then at 1.35p, where’s the shareholders’ bonus and benefits? (see HERE). Things have since got worse…

In today's podcast I look at what is the critical lesson we draw from Afren's demise - that debt is crack cocaine for CEOs. Then there is the wider issue prompted by an RNS at no-one is watching O'clock Friday from Staffline of executive share options, LTIPs and greed.