I've just read the latest glossy self congratulation 'report' and am wondering if these guy's will now take a cut in salaries/bonuses after the performance in the last financial year. They were quick to reward themselves after the 2006-2007 performance.
They need to understand the difference between self reward and shareholder value. The cash burn is going to quickly burn the shareholders.
$4.5 million dollars in reward for a management team that is very quickly taking the company back to penny dreadful status.... hmmm
Time to start earning that money boys or 'cut the fat'.
WMT Price at posting:
32.0¢ Sentiment: None Disclosure: Held