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gnulaw (49.68)

Shareholder Value Destruction Poster Child Competition: LNUX v. GM v. FNM v. FRE v. IMB v Neumei$ter



July 14, 2008 – Comments (1) | RELATED TICKERS: GKNT.DL , GM , FNMA

Shareholder Value Destruction Poster Child Competition:

2-year chart SourceForge (NASDAQ:LNUX) v. General Motors (NYSE:GM)  v Fannie Mae (NYSE:FNM)  v  FreddieMac (NYSE:FRE)  v. IndyMac (NYSE:IMB)...LNUX barely beating out GM!...check out the 5-day chart (FRE, FNM).  

...and Neumei$ter [today, July 14, 2008] takes a $50k/mo salary as interim CEO!? What are the Board and he thinking?! How about $1/yr with stock options and bonus tied to performance...or just $1/yr to send the right signal to the *[non-insider] and shareholders?


* Non Officer/Director shareholders.

1 Comments – Post Your Own

#1) On July 14, 2008 at 10:01 PM, Varchild2008 (85.34) wrote:

How I would rank em: 

Fannie Mae's worse than General Motors because at least GM sells you transportation to your nearest Stock Brokerage to demand an immediate liquidation of all of your GM Shares.

IndyMac is worse than SourceForge because it only required a piece of paper with words scrawled on it by Senator Chuck to send the company into receivership.

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