I'm not disagreeing - but in which way do you see this as...

I'm not disagreeing - but in which way do you see this as something unusual?

Over the years, I have found that the sanest approach to investing in publicly traded companies is to constantly remind myself that the executives and directors of ALL companies are primarily (or perhaps solely) intent on lining their own pockets. Shareholders mean nothing to them.

The AGM that all public companies must hold is a typical example. These AGMs are a joke. I went along to a few years ago, but all decisions are made months in advance. AGMs are just a "feel good" performance for naive shareholders.

Another is the fact that the Directors are a tight, closed, old boys club, consisting of CEOs (and similar) from other companies. So the Directors who are nominally looking out for shareholder interests in company X, in fact are CEOs of companies A, B and C!! What a joke! They all scratch each others back and vote themselves bigger and bigger pay packets, at S/H expense.

So I'm not disagreeing with you - I'm just not surprised by your comments.

Cheers,

BridgeBaron