May. 15 at 5:09 PM
$BZUN These people are acting like thieves in suits.
For years, Baozun has done nothing but destroy shareholder value, and now management wants shareholders to believe this operation is “governance” and “incentives.” Give me a break.
A 10% buyback authorization means nothing if, at the same time, they ask for the power to issue or resell up to 20% of the shares. That is not shareholder protection. That is a dilution machine dressed up as capital allocation.
After crushing the stock and wiping out value for minority shareholders, insiders now want millions of RSUs for themselves. It looks like they are rewarding themselves for failure while retail investors are left holding the bag.
This is not alignment. This is insiders protecting and enriching themselves while ordinary shareholders pay the price. Absolutely shameless.
