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May 09, 2008 – Comments (5) | RELATED TICKERS: ROIA

This is a bad company, in a dying industry. There is no turnaround plan. It's been run like a feudal enterprise by the founder and her son. It's not even worth a takeover bid.

Radio One is now trading for $1. I went negative on the stock in August at $4. This company is the worst house in a bad neighborhood . It has been steadily mismanaged, yet all along the way, management has been very generous in granting themselves raises and bonuses despite poor execution.
They only add insult to injury when the CFO says, " Liggins's increased compensation reflects the fact that he has diversified the company's media portfolio... the package would provide incentive for Liggins to "maximize shareholder value."
Shouldn't the CEO of a company that his mother founded and of which they own with her 7/8ths of the outstanding stock have more than enough reason to maximize shareholder value?

5 Comments – Post Your Own

#1) On May 09, 2008 at 11:23 AM, Gemini846 (96.88) wrote:

Video killed the radio star.

Sorry had to. Gave you a rec. :)

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