Sep. 4 at 5:03 PM
$SNCR Stephen Waldis, Jeff Miller, and the Board of Directors:
It sickens me that you not only allow shareholder value to erode but that your compensation flies in the face of shareholders hard earned money! And NO ONE there is ever fired for it!
Today's low of
$5.40 is
$0.60 cents (pre-reverse split)! And every day you do nothing day just makes things worse!
Your compensation packages—stock options, RSUs, and cash—are not substitutes for genuine alignment. Open-market purchases TODAY are the clearest signal of belief in the company’s trajectory. Yet the absence of such action suggests either:
A lack of confidence in the turnaround strategy,
A misalignment between executive incentives and shareholder value, or worse, a board unwilling to challenge entrenched leadership (i.e. Stephen Waldis)! Yes that's you, Jeff Miller, Kristin Rinne, Mohan Gyani, and Laurie Harris!
This is not just a governance failure. It’s a credibility crisis! And I would fire every one of you today if I could!
