Allied Brands Ltd. (ABQ) shares continue to plummet all while competitors, and the balance of the market, soar.
So what do the directors at Allied Brands do? THEY ISSUE ANOTHER LARGE TRANCHE OF STOCK TO THESE NON-PERFORMING EXECUTIVES!
Since there is widespread speculation that Allied Brands is up "for sale", and likely to be sold piecemeal, it seems as if some executives are getting their "golden parachutes" in order.
This can be the only excuse for this corporate largess. After all, what company rewards failing executives?
Oh, that's right - AIG, Telstra, Macquarie Bank. . . . the list goes on.
No comments:
Post a Comment