I've been following ACF for a number of months now. Until this episode, I have liked everything that I've seen, but this behaviour from the CEO has made me think twice before buying into this stock. I'd understand why a director may have personal reasons to sell their own company shares to fund some current requirement, but this speculative behaviour (from the CEO!) is very, very stupid.
"the Board determined to materially reduce Mr Boland’s short
term incentive bonus payment in respect of the current financial year."
I hope he thinks twice and sticks to his knitting in the future.
ACF Price at posting:
70.5¢ Sentiment: None Disclosure: Not Held
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