I am sick to death of management trying to enrich themselves at the expense of share holders. We get to vote on share appreciation rights for the CEO, which effectively rewards management for driving the share price down imo well below fair value by not communicating with the market. The base price has been set at a ridiculously low $1.76, which is about half the price it was less than two years ago and well below the $3.17 of just over a year ago. The company reasons that this is to incentivise the CEO to help to grow the share price. What the hell is the CEO employed to do if not to optimise the performance of NTC and as a result maximise the SP for shareholders? Why does the CEO need an incentive to do this, particularly after the abysmal performance of the SP over the last 1 to 2 years? I'll be voting a resounding "NO!", but no doubt the resolution will carry because not enough share holders will exercise their vote. As far as I'm concerned they can set the base price at $3 to incentivise management.
NTC Price at posting:
$1.37 Sentiment: None Disclosure: Held
