Lowpayisgreat
Well-known member
- Joined
- Jul 30, 2006
- Posts
- 93
Somewhat true in the sense on this conversation, but not totaly, lets point out one glaring fact. Last year Herb and Coleen decided to step down as officers at SWA and become advisors/consultants or what ever the term is these days. Well they had done their time and done it well, but if you look on CBS market watch web site you can see what every member of the board and officer at SWA has as far as SWA stock. Both privatly purchased or given in compensation must be revealed per SEC rules. Also, anytime they buy or sell it must be reported and list for public viewing. Now if you look at how much they own you would be knocked out of your seat. Now as an officer you just can't start selling large portions of your shares when you think the price has peaked and be telling your share holders everything is OK and the future looks bright. But you retire, become a consultant for the same salary and then sell as you like. Remember the shares of SWA have to be, don't know for a fact, a large portion of thier nest egg, and who would want to see a large chunk of it disapear as SWA comes under more and more pressure to perform against rivals that have changed, streamlined and become better competitors. I think both of them saw the handwriting on the wall, not that SWA is going away, but the easy days of being the pricemaker and darling of the industry are coming to a close.