OH BOY!
And here I was just thinking Mr Fortunatow's performance in the role of CEO was not up to par.
Thanks to SSG for the analysis and scrutiny of Mr Fortunatow's personal financial investment (or lack of) activities in SPA.
Quote from SSG pretty much sums it up...
"our review of Mr Fortunatow's Spacetalk shareholding and related transactions since 2003 indicates to us a lack of alignment between the interests of Mr Fortunatow and those of other shareholders."
That's about the politest way to state the only conclusion that can be drawn. Maybe it should have read, "and those of ALL other shareholders. The significant deterioration of SPA shareholder wealth cannot be denied and now more so, cannot be ignored.
Sentiment: Vote FOR Resolution 1
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