RE: I see nothing not to like about Polarean EXCEPT.28 Nov 2024 11:09
Ah, the classic “skin in the game” concern—fair enough, it’s a reasonable point to raise. But before we grab the torches and pitchforks for Polarean’s BOD, let’s have a closer look.
First off, several directors do hold shares. For instance, Bastiaan Driehuys has nearly 14 million shares (around 1.2%), and even the CEO, Christopher von Jako, holds just shy of 6.3 million (about 0.5%). That’s not pocket change. Others like Kenneth West, Cyrille Petit, and Charles Osborne are also invested, though admittedly, their stakes aren’t earth-shattering. If you're expecting Buffett-style “bet the farm” numbers, you might be disappointed—but then again, insider buying isn’t the only metric of commitment.
Now, the CEO's stake might seem modest, but remember: executive compensation packages often include stock options, performance-based shares, and other incentives that align their interests with shareholders. It’s a long game, not a quick “splash the cash” show. Also, let’s not pretend that owning shares is the only way to demonstrate belief in the product. Strategic leadership, operational focus, and vision—all crucial for driving a company forward—don’t come with a share certificate attached.
So, should you be nervous? Sure, if you’re the kind to lose sleep over every little thing. But personally, I’d say the directors have enough “skin in the game” to signal confidence without overexposing themselves financially. At the end of the day, this is one piece of the puzzle—not the whole picture. Keep your eye on the broader fundamentals, not just the size of someone’s wallet.
ST