Re: Successes
in response to
by
posted on
Jul 09, 2012 06:20PM
caneycreekfan wrote: "19. did I leave anything off of this list?"
Almost certainly.
You only covered what you know about. There are bound to be additional items buried in confidential settlements, pre-acquisition/investment discussions and emails etc etc.
I am still trying to figure out how CJ manages to be an employee of Swartz's business and also on at least 3 boards of directors yet avows that he spends the majority of his time on PTSC business.
I wonder if the other 2 companies get the same story? That combined income is certainly a successs from CJ's perspective. Of course, setting up PDS was another CJ success as he was then able to award himself (I doubt that both Gloria and Cliff disagreed) a handsome stipend paid by PTSC and large enough to pay his mortgage just to represent PTSC at PDS. But then, additionally, he is paid by PTSC to be on the PTSC Compensation Committee which is the vehicle where he can award himself (and Cliff/Gloria) these outrageous amounts. So much for a public company being managed for the best interests of the shareholders!
ALSO - I am/was far more concerned that Flowers bluntly and very publicly stated that PTSC is too risky for him to make an investment than that he hasn't invested. Isn't pretty much a dereliction of duty or fiduciary responsibility for an acting CEO to make.
To my mind, that one public statement by our acting CEO is far more damaging to PTSC than anything anyone may post to the Agoracom message board.
Freedom of Speech is one thing, but Mr. Flowers is being paid handsomely to improve the standing of PTSC - not to bad-mouth it. If, as is apparently the case, he is aware that no such improvement is in sight under his leadership, he should stand down.