tag:blogger.com,1999:blog-8099437767970534324.post6720045738508684232..comments2023-11-05T06:26:51.316-05:00Comments on Gannett Blog: Stock | Saleh exits Gannett -- and GCI shares, too; what departing CFO's sale says of future prospectsJim Hopkinshttp://www.blogger.com/profile/16712746705871119746noreply@blogger.comBlogger16125tag:blogger.com,1999:blog-8099437767970534324.post-21800914215561396942012-05-21T11:41:26.269-04:002012-05-21T11:41:26.269-04:0010:04 is right on the mark. The bottom-line takeaw...10:04 is right on the mark. The bottom-line takeaway from Saleh's departure -- is Saleh's departure. He was in a position to stuff money in his pockets as is the fine tradition of GCI brass. But he saw the good times coming to an end and bailed. If the transformation miracle was going to happen, Saleh most certainly would have stuck around for the big payday.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8099437767970534324.post-7240091171956005692012-05-21T10:04:40.041-04:002012-05-21T10:04:40.041-04:00Keep the shares....trade in the shares. It's ...Keep the shares....trade in the shares. It's all book keeping at this point. Bottom line - he is leaving the company after less than 2 years. All you need to know about his faith in Gannett.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8099437767970534324.post-79706635871580409272012-05-20T22:41:25.458-04:002012-05-20T22:41:25.458-04:00Jim,
Saridakis dumoed all his available shares at ...Jim,<br />Saridakis dumoed all his available shares at the high prior to leaving in April 2010 against the will of Dubow and Martore.<br /><br />Seems like everyone dumps their shares when they leave this DUMP!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8099437767970534324.post-56805782801169538352012-05-20T17:40:36.471-04:002012-05-20T17:40:36.471-04:00At last! A great thread! Fact is, Gannett stock va...At last! A great thread! Fact is, Gannett stock value doesn't quite match the opinion with the corporate gobbledygook.<br /><br />I invested heavily in GCI stock, myself considering it an obligation to invest in my employer's future while so many of my colleagues refused -- that employer being at the time much more an actual news organization instead of an also-ran marketing company run Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8099437767970534324.post-75735397416105303882012-05-20T10:06:38.112-04:002012-05-20T10:06:38.112-04:00Perhaps CSC requires executives above a certain le...Perhaps CSC requires executives above a certain level to divest of any stock or stock options of former employers or corporations that could be viewed as potential conflict of interest. <br /><br />A CFO would certainly have the potential to put oneself in a position where financial actions the company takes could benefit his personal holdings. Do some companies require high level executives Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8099437767970534324.post-68306378588520292562012-05-20T08:32:04.582-04:002012-05-20T08:32:04.582-04:00The switch was made because so many options are un...The switch was made because so many options are under water and will never approach their strike price again.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8099437767970534324.post-49389693398369860972012-05-20T00:29:22.419-04:002012-05-20T00:29:22.419-04:00Why post a question with no answer? What was the r...Why post a question with no answer? What was the response when you put the question to him?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8099437767970534324.post-68258692497507301582012-05-19T23:21:18.170-04:002012-05-19T23:21:18.170-04:00In the last decade or so, Chief Financial Officers...In the last decade or so, Chief Financial Officers and Chief Marketing Officers have a 12-18 month shelf life before they move on.<br /><br />Mr. Saleh appears to have taken quick note of how dysfunctional the Big G is and didn't want to spend another day there. Life is short, the stock will never be worth much more than it is (or will get worse), so he moved on with his life. A good lesson.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8099437767970534324.post-53669789093448247652012-05-19T23:11:05.290-04:002012-05-19T23:11:05.290-04:00Jim, it sounds like you either missed the point, o...Jim, it sounds like you either missed the point, or you are still clinging to a conspiracy theory.<br /><br />It sounds to me like the other poster spelled out very clearly why the decision was made. Not sure what you aren't getting or why.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8099437767970534324.post-2939391470141326152012-05-19T23:10:35.028-04:002012-05-19T23:10:35.028-04:00Saheh would have gotten about 1200 shares after ta...Saheh would have gotten about 1200 shares after taxes. Don't think he'd believe or not believe in the company by keepingAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-8099437767970534324.post-69494196308967647692012-05-19T22:45:42.098-04:002012-05-19T22:45:42.098-04:0010:35 Starting this year, the board of directors d...10:35 Starting this year, the board of directors dumped stock options entirely in favor of a type of restricted stock the company is calling performance shares.<br /><br />Newly hired USA Today Publisher Larry Kramer got 37,341 restricted shares that he can claim all at once on Dec. 31, 2015.Jim Hopkinshttps://www.blogger.com/profile/16712746705871119746noreply@blogger.comtag:blogger.com,1999:blog-8099437767970534324.post-53582705283755028572012-05-19T22:35:07.855-04:002012-05-19T22:35:07.855-04:00Those minuscule options gains are going to be even...Those minuscule options gains are going to be even tinier once they are taxed by the Feds. The next high falutin corporate savior who comes in would be smart to ask for more restricted shares with few strings and a big wad of cash upfront. <br /><br />Then again, with Martore's financial background, do we really need a CFO?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8099437767970534324.post-71273056985353500182012-05-19T22:18:14.502-04:002012-05-19T22:18:14.502-04:009:22 You raise an excellent point about Saleh tyin...9:22 You raise an excellent point about Saleh tying up $600,000 in cash over a relatively tiny discount to the market price -- in this case, just 4.3%.<br /><br />Better to do what he did: Take the $25,000 profit.<br /><br />But maybe yours is the better question: "Why hold stock in the company you've already decided to leave?"<br /><br />The answer is: You shouldn't -- if the Jim Hopkinshttps://www.blogger.com/profile/16712746705871119746noreply@blogger.comtag:blogger.com,1999:blog-8099437767970534324.post-53774165587832213422012-05-19T22:02:39.448-04:002012-05-19T22:02:39.448-04:00Can't wait to hear jim's response on this ...Can't wait to hear jim's response on this one.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8099437767970534324.post-22005655015958403622012-05-19T21:22:15.731-04:002012-05-19T21:22:15.731-04:00You act like a potential decision to "exercis...You act like a potential decision to "exercise and hold" his GCI shares would be an easy thing to do, like "I think I'll press the exercise and hold button, then go get coffee." Here's the rub: in order to do what you hint he might have done, he would have had to pony up $600K in CASH. You get the option to buy, not the cash to do it with. So the vast majority of Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8099437767970534324.post-42703928299712007242012-05-19T20:39:51.924-04:002012-05-19T20:39:51.924-04:00By the numbers, the CFO was with Gannett a year an...By the numbers, the CFO was with Gannett a year and a half, saw greener pastures elsewhere and cashed in while his stock was still worth something. Message to Gannett employees, as with senior management, you should be looking for a job! I doubt Saleh was just contacted last week which suggests he became interested in other opportunities possibly in the first year he was employed by Gannett. IAnonymousnoreply@blogger.com