[Update3] Does Geeknet (GKNT) Have Sufficient Cash to Sustain* ThinkGeek's Growth and Continuing Losses? President, CEO of Media and President, CEO ThinkGeek Awarded $4M in Bonuses** Amidst Continuing Patterns of Continuing Losses and Not Tied to Performance. On Insider versus Non-insider Shareholder Value Maximization and Full Disclosure.
Geeknet (GKNT) President, CEO of Media and President, CEO ThinkGeek awarded $4M* in bonuses amidst consistent patterns of continuing losses, eroding eCommerce gross margins, and not tied to performance. What is Kenneth Langone thinking? What is happening to the non-insider shareholders' company?
Is Geeknet GKNT at turning point of creating significant shareholder value from the geek culture surge and pending Yahoo! del.icio.us spinoff* ? Can Langone, and Collison maximize shareholder value given an existing and disruptively conducive infrastructure handed to them on a silver platter?
*Geeknet's Feedery.com and Slashdot.org [should] be beneficiaries. The concern and question shareholders should be asking is Scott Collison's failure to create shareholder value with Geeknet's 5/2009 $2.6M acquisition of ohloh.net (Scott Collison CEO, Ohloh) and 16 months later dumping ohloh.net as a $1.4M Asset Sale (Scott Collison, VP Product, Geeknet) and then awarding Scott Collison $2M for continuing patterns of shareholder value destruction and conversely, and with all due respect, his failure to create shareholder value with the Geeknet media assets ( SourceForge.net, slashdot.org, freshmeat.net, feedery.com). [more]
Geeknet (GKNT) President, CEO of Media and President, CEO ThinkGeek Awarded $4M* in Bonuses Not Based on Performance. Pending Spinoff(s)/IPO(s) or Gross Negligence? Story developing... [more]
Geeknet (GKNT) President, CEO of Media and President, CEO ThinkGeek Awarded $4M in Bonuses Based on Non-Performance...Story Developing...
Geeknet (GKNT) names GE Healthcare CFO, Kathryn McCarthy, as GKNT CFO Effective January 4th, 2011.
In Play Briefing.com: 3:48PM Geeknet names Kathryn McCarthy as Chief Financial Officer, effective as of January 4, 2011 (GKNT) 24.76 -0.17 :
"...In 2006, Kathryn was named Executive Vice President and Chief Financial Officer for GE Healthcare.
Kathryn began her GE career working for GE Power Systems in Schenectady, NY in the Financial Management Program (FMP). [more]
(December 9, 2010) cnet Hands-on: ThinkGeek TK-421 iPhone keyboard case "...The TK-421 is available now for $49.99. While other users--especially those who really dislike the iPhone's onscreen keyboard--may be more forgiving of its faults, I have a hard time recommending the product..." [more]
[Update4] Geeknet Disrupt - 33 Months Ago 13D Hedge Fund Shareholder Put Pressure On Geeknet (GKNT) Board Demanding to Unlock Value. Where is Geeknet today? [more]