From May 1999 to December 2013, you have extracted more than $14 million in cash payouts from TST, excluding millions more paid out as stock options. In addition, you have enjoyed considerable non-pecuniary compensation such as perfumed sedan driver(s) and assorted assistants who spray ionized lavender water on your barren cranium. Despite the long decline of TST’s share price your compensation continues to trend higher. The four year employment agreement you signed in November 2013 guarantees you total compensation of at least $3.5 million per annum – nearly 5% of the market capitalization of TST and more than the cumulative dividends expected to be paid out this year to common shareholders...Your brand is, and remains, tremendous. I commend you for your tenacity and intellect, but you are simultaneously an employee of CNBC and a director, major shareholder and employee of TST. To which entity do you ascribe your greater allegiance? There would appear to be a grand structural conflict. You are 59. When you lie upon your deathbed, how will you reflect upon on your legacy? Once a $70 stock, TST is now $2.20. You have done well, but how has the common shareholder done? [SEC via TalkingBizNews]
Prosecutors Want Jim Cramer-Endorsed Investor Lenny Dykstra To Do Thirty Months In Jail
They say that's the only way Dykstra* will learn that in our society, you can't rip toilets and other bathroom fixtures out of the floor and sell them to a pawn shops just because you feel like it, or drop trou for the cleaning staff.