I have been around as a shareholder since 2011 and have some historical perspective. You are right in that the composition of the board has changed - but the rhetoric that many posters use to keep the "strong hands strong" has not. Prior to the solar division the board "always had our back" -until they didn't." The current almost diefication of Mr. Monacha is remniscent of the almost cult of personality surrounding the board appointments and PR firms in the past (industry connections, production experience, etc.). Don't get me wrong - I am happy to see him with POET, given his background, but stop the hyperbole. The facts are that he was replaced as CEO at GF and took the position he held prior to being named CEO. The repetitive theme is that Mr. Manocha gave up far more lucrative opportunities to join POET. Perhaps it is true, but it is pure speculation. To put things in perspective, below is a listing of his salaries from2007-2009 from PASSFAIL Finance:
Total CompensationNumbers in USD
| 2009 |
$567 Thousand |
-27.3% |
| 2008 |
$780 Thousand |
366.5% |
| 2007 |
$167 Thousand |
--% |
GF is privately held, and I could not find his compensation from before, during and after his tenure as CEOwith GF. Perhaps it is true he gave up far more lucrative offers, but it is equally possible(if not more so) that since his replacement as CEO in January, he(or his headhunter) were in the CEO job market and POET was his best offer. Personally, I think it is some combination of the two. However, he does not walk on water, so lets ramp back the repetitve hype.
P.S. I own the stock and want success -but constant hype and bashing is for traders only.
