The reasons for this company's ongoing debacle in the equity markets are endless ... you have compiled an admirable summary. The behavior of the CEO and his executive cronies is nothing short of criminal! Their continuing history of excesses reads like an endless nightmare. Expect a sham restructure as management hastily unloads the proceeds of the bus division "silent sale" (a strategic move without a public announcement).The restructure will continue to grind down an oppressed work force -- this on top of rumors that Burns quietly upped his salary this year! Past years the CEOs raise was held flat; instead loading Burns with performance-based options (approx. ONE MILLION). This news doesn't go over well with management held to a 4% raise this year... loyalty has a cost. As they say "Timing is everything" as this info won't be disclosed until the proxy next year. Meanwhile the quarterly earnings exercise is in full swing and my bet is that Q3 will be "managed" to meet the lower end of expectations.FOOLS forever!
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Rat