Money saving alternatives
posted on
Nov 10, 2010 08:53PM
How much could it cost to put on a virtual meeting? If it's so cheap to make it worth doing it, then perhaps, considering the stewardship they've exhibited, this BOD and Management should have provided the virtual option as well as the in-person one and allowed those who couldn't attend in person to do so on-line.
If cost savings were the goal, a simple waiver of the meeting fee by each director and a 75% cut in their pay would have gone farther toward saving money, and might have also reflected a level of sincerity and committment to the company and shareholders. They have so many other cost saving options they've avoided that anyone who would put that into the PR in light of their actions as directors and managers is either tone deaf, an imbecile, or simply being intentionally insulting. Clearly, the motives are not cost savings and it's as laughable to portray it as such as it was for Chicago being last year's venue to allow better participation.
Over $130M in revenue to PTSC over the last 5 years, and this is what you get for your investment. 10 cents and a BOD that is afraid to look shareholders in the eye. Sheesh, makes me want to ask Gloria how they would treat shareholders they DIDN'T care about?!