Yep- we sure do!! SP now at 52 week low and showing substantial losses for periods from 1 week to 1 year. Their Investor Relations lass has repeatedly tried to justify the poor performance by comparing Man to 4 competitors but when I pointed out to her that Man leads the losses field in all but two of the time categories (6m and 1 year where Aberdeen are worse) by substantial margins and what are "Management" doing about it she went all quiet
And as we all post Citi are buying stock like it is going out of fashion and a heavily reduced price and yet the regulators just sit there and watch these corporate monsters do what ever the hell they like!!!
These brokers make me want to puke a couple of months ago another so called expert stated that man was under valued and put a buy rating with a target of £2. 40. Anything to churn the shares and make themselves money bent from top to bottom. Rant over bye all
Couldn't agree more as regards the "troughing" of directors. No matter what happens to the company's sales, profits, prospects, even their survival, these masters of mediocrity reward themselves lavishly, not to say outrageously at the expense of those of us that actually own the company. I was glad (surprised but glad) that the institutions made a bit of a stand with BP. Previously there seemed to be a much too cosy relationship between BOD's and the institutions/pension funds that should have been holding them to account. I have no problem whatsoever in rewarding directors and Management of companies that have done well for their shareholders (stakeholders even), but I have a really big problem with useless fat cats rewarding themselves out of all proportion to their performance. It surely is not too difficult to come up with a remuneration package that rewards success and penalises failure.
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