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VTSS Investor Forum

Stock Grants

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I see where VTSS management has received stock grants at NC on Dec. 9, 2011.

M. McDermut (75k sh)
M. Nuss (45k sh)
S. Perna (37.5k sh)
C. Gardner (165k sh)

Let's reward them for their stellar performance & incentivize this team to perform well- it's worked "great" in the past!

Posted by Techinvestor - 12 years ago

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Just more of the same....white collar criminals. But then, that is why you have a board of directors, right? to make sure the owners are protected from their own employees. Oh, that's right the board was hired by the CEO...and now they just keep getting paid more money to keep the scam going. Thanks SEC for all you do to protect the US investors.

Posted by OKSPSNOW - 12 years ago

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Proxy Statement for Jan. 26, 2012 Stockholders Annual meeting:

PLEASE READ- Very interesting read that highlights the total compensation being paid CRG/Board/SR. Mgt. For example:

Board members paid 2011 ($81k - $141k) includes base+ committee membership/chairperson pay+ meetings + stock).

CRG and senior management get base + possible annual cash bonus + stock + options + other compensation (e.g. insur., vacation, etc.). One director got huge relocation money.

It appears CRG contract up Feb. 2012- Please don't renew! Even if he leaves he will get 7 figures (nice).

Rationale for executive compensation is it's commensurate with the industry- PROBLEM IS they're all over compensated!

Posted by Techinvestor - 12 years ago

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