|
|
Post by liane on Nov 25, 2015 17:27:06 GMT -5
|
|
|
|
Post by liane on Nov 25, 2015 17:30:38 GMT -5
So Hakan is still around collecting salary until July 2017 - doesn't sound like he was fired.
|
|
|
|
Post by lakers on Nov 25, 2015 17:32:08 GMT -5
There are more than meet the EYES. I'd rather have Al doing the negotiation of the fate of the company. He is the heavyweight, majority shareholder. The company observes Thanksgiving Thurs and Fri 11/26-27/15, hence 8K today. At this juncture, Mnkd needs a great leader, negotiator, entrepreneur with public speaking charisma, who is able to charm Wall Street, friends and foes alike. Hakan fits better as a COO somewhere else.
BTW, Mnkd has been run as a private company anyway. Why not let the proprietor owner run it. My rec'd is still Dr. James Shannon as Al's long-term successor if the co. remains independent.
Let's see if Al accepts $1 annual salary plus stock option, and/or RSU based on pps.
|
|
|
|
Post by stevil on Nov 25, 2015 17:37:35 GMT -5
So Hakan is still around collecting salary until July 2017 - doesn't sound like he was fired. Still begs the question, why was his successor not prepared beforehand? Or are those here of the impression Al wanted to take back control of the company to get us through this period? |
|
|
|
8-K
Nov 25, 2015 18:21:01 GMT -5
via mobile
saxcmann likes this
Post by cjc04 on Nov 25, 2015 18:21:01 GMT -5
So Hakan is still around collecting salary until July 2017 - doesn't sound like he was fired. Still begs the question, why was his successor not prepared beforehand? Or are those here of the impression Al wanted to take back control of the company to get us through this period? The thought crossed my mind a few times this week.... Al steps down for 6 or 8 months knowing nothing much will be happening, and leaves Hakan (in reality the COO) in charge to run operations..... Then Al returns when there's decisions to be made..... Seems like a stretch though.... |
|
|
|
8-K
Nov 25, 2015 18:23:06 GMT -5
Post by traderdennis on Nov 25, 2015 18:23:06 GMT -5
So Hakan is still around collecting salary until July 2017 - doesn't sound like he was fired. That does sound like he was fired. Probably a golden parachute or severance. |
|
|
|
8-K
Nov 25, 2015 18:26:25 GMT -5
Post by mnkdfann on Nov 25, 2015 18:26:25 GMT -5
Hakan is 65 going on 66 (or is he already 66 going on 67). Maybe he just sees nothing happening at MNKD in the next year or so that excites him enough to delay his retirement any further.
Not everyone wants to work into their 70s, 80s, 90s.
|
|
|
|
8-K
Nov 25, 2015 18:27:56 GMT -5
Post by mssciguy on Nov 25, 2015 18:27:56 GMT -5
There are more than meet the EYES. I'd rather have Al doing the negotiation of the fate of the company. He is the heavyweight, majority shareholder. The company observes Thanksgiving Thurs and Fri 11/26-27/15, hence 8K today. At this juncture, Mnkd needs a great leader, negotiator, entrepreneur with public speaking charisma, who is able to charm Wall Street, friends and foes alike. Hakan fits better as a COO somewhere else. BTW, Mnkd has been run as a private company anyway. Why not let the proprietor owner run it. My rec'd is still Dr. James Shannon as Al's long-term successor if the co. remains independent. Let's see if Al accepts $1 annual salary plus stock option, and/or RSU based on pps. True true, we as retail shareholders, have provided capital here, while the company has done nothing to protect our interests just yet-- I don't think for a minute, or even a second, that Al Mann would not remediate transgressions against us po retail folk.... Jeez Al, we really need the money. Goldman Greenlight Renaissance thestreet tourbillion etc etc etc have been making millions monthly here.... time to strap on that stainless steel mnholdem |
|
|
|
Post by liane on Nov 25, 2015 18:28:34 GMT -5
So Hakan is still around collecting salary until July 2017 - doesn't sound like he was fired. That does sound like he was fired. Probably a golden parachute or severance. For a year and a half??? If he was fired, I would think it would be "here's your severance, and here's the door". |
|
|
|
Post by longstocking on Nov 25, 2015 18:29:49 GMT -5
So Hakan is still around collecting salary until July 2017 - doesn't sound like he was fired. That does sound like he was fired. Probably a golden parachute or severance. Not even close. If he had been fired the BOD wouldn't have asked him to stay until July 2017. He won't need a golden parachute, he has stock. |
|
|
|
8-K
Nov 25, 2015 18:32:15 GMT -5
Post by jeremg on Nov 25, 2015 18:32:15 GMT -5
That does sound like he was fired. Probably a golden parachute or severance. Not even close. If he had been fired the BOD wouldn't have asked him to stay until July 2017. He won't need a golden parachute, he has stock. Where did you read the BOD asked him to stay? If he was resigning why would they need to offer him severance of two years pay? It does say Al has taken over as interim CEO, so Hakan will not be doing the job he's being paid for through 2017 = severance package in disguised words. |
|
|
|
Post by liane on Nov 25, 2015 18:32:53 GMT -5
Sounds like he still will be providing services to the company...
|
|
|
|
8-K
Nov 25, 2015 18:34:24 GMT -5
Post by jeremg on Nov 25, 2015 18:34:24 GMT -5
That does sound like he was fired. Probably a golden parachute or severance. For a year and a half??? If he was fired, I would think it would be "here's your severance, and here's the door". How is it not severance when Al is taking over as interim CEO per the press release, it sounds like per the usual they are disguising the truth that this is severance pay after a messy breakup. |
|
|
|
Post by longstocking on Nov 25, 2015 18:34:36 GMT -5
Sounds like he still will be providing services to the company... What I read is that Hakan is still on staff until July 2017, and Al is interim CEO without a salary, or any interest on the loan from him to MNKD. |
|
|
|
8-K
Nov 25, 2015 18:38:47 GMT -5
fedakd likes this
Post by jeremg on Nov 25, 2015 18:38:47 GMT -5
Sounds like he still will be providing services to the company... What I read is that Hakan is still on staff until July 2017, and Al is interim CEO without a salary, or any interest on the loan from him to MNKD. Clever wording to not offer up the truth which is they will be paying this clown for another 2yrs (severance pay) while Al acts as interim CEO and Hakan collects his salary and stays out of the wheelhouse. The press release contradicts itself, Al is interim CEO but Hakan will remain "on staff" bring paid his lofty CEO salary plus bonus, they are mincing words plain and simple. Hakan was trashed and they are paying him 2yrs worth of salary to leave, I doubt he will even physically be at the new HQ. Read between the lines. |
|
