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Allen Power "Retires"!

D

DOGDOG

So then, we have Salem, the "darling" of the right and the religious groups about to be swallowed up. The announcement comes that supposedly Allen Power retires. Why not retire AFTER the takeover? Will we now see many more alleged "retirements" before the takeover? What type of golden parachute was paid for out of stockholders' coffers? How many more millions will be paid out as the fox guards the henhouse BEFORE the new farmer takes over and asks the questions: "What's going on here?"; "Where did the money go?" One benefit for going along with DELISTING from the market is certain financial reporting requirements are set aside. The delisted company is of course going to say "We'll save accounting money". Of course, if an organization actually practices the Christian beliefs and tenets they claim to represent, there's no problem. On the other hand, when an organization is only "Christian enough to make the sale" that's another matter. Just thinking!
 
DOGDOG said:
So then, we have Salem, the "darling" of the right and the religious groups about to be swallowed up. The announcement comes that supposedly Allen Power retires. Why not retire AFTER the takeover?
Click to expand...
Mr. Power isn't retiring until September 30th. Waterstone is expected to close on its purchase of the remaining 51% of Salem in late August. Ergo, he is retiring after the takeover.

Mr. Power is also turning 65 his next birthday, so everything about this seems perfectly normal.
 


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