While the company burns, CBI EMT is asking the Board to increase their parting bonuses by millions. Why? Because of the 1Q financials which are a lie. They are 100's of millions off and that is what we shared with the street. We are the Enron of construction companies, people and PM is our Kenny Boy!
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"I voted for the sale but against the payoffs as a sharholder."
That was a deceptively worded question in the vote card (final discharge). Knowing how sneaky and manipulative EMT, I too voted against that option.
I voted for the sale but against the payoffs as a sharholder.
Bonuses are rewards for increasing shareholder value or incentives to increase shareholder value in the future. How the f--- do bonuses to outgoing management of a company that has already been sold benefit the shareholders? Waste of corporate assets. Shareholder lawsuits.