> Selling all $10,000,000 of shares kinda reveals that fig leaf for what it is: giving himself the shares was never about aligning his incentives with sharehold

> Selling all $10,000,000 of shares kinda reveals that fig leaf for what it is: giving himself the shares was never about aligning his incentives with shareholders - he just wanted the cash. And the low tax burden. The capital gains tax rate on those shares are 20% while if it was income, it would be taxed at 39.6% fed + whatever the state/city taxes are. > If shareholders' interests were represented competently and in good faith, you'd expect a very different incentive structure. The execs interests align with short term shareholders. Not the long term shareholders. It essentially fosters a pump-and-dump environment.