Re: Fung's Bonus ..... $150,000
in response to
by
posted on
Jan 24, 2012 03:24PM
Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America
I said to take his $150,000 bonus days before filing for CCAA is a slap in the face to shareholders, noteholders and all creditors. I said it was about perception and judgement. In my opinion taking the bonus when he did considering how little of his own money is invested in the company shows a lack of respect of the people who have and are supporting the company. (SHAREHOLDERS)
If I were a cynic, I would say Fung took one last $150,000.00 pre-bankruptcy swig from the trough "just in case". If the bondholders wind up with the company, the extra 150 Gs will help ease the pain.
GLTA