martes, 17 de junio de 2014

Invest Stock Market Leading Insurer Aspen Insurance Holdings (NYSE: AHL)


Aspen Insurance Holdings (NYSE: AHL) is under a proxy attack by rival Endurance.  No small wonder that the currently entrenched management doesn't want to give up this honey pot. 

in 2013 alone CEO Christopher O'Kane earned $4,672,077.  He earned just $887,085 as salary.  He also garnered a whopping $1,180,577 bonus.  The company was further drained by a $2,426,680 stock award as well as $177,735 from other dribbles according to EDGAR statements.

The board of directors headed by O'Kane recently had the balls to title their April 17th poison pill a "shareholder rights plan."  This is clearly a nod to the Moran v. Household International decision of the Delaware Supreme Court that upheld a same titled "shareholder rights plan" that acted as a poison pill. 
This particular use of a poison pill by Aspen Insurance Holdings (NYSE: AHL) is yet another example of a fat-cat entrenched board abusing its collective power. 

This is simply the truth of how the financial system works today.  Investors can only vote by selling out. 
What is very interesting is that there doesn't seem to be much selling out of this stock.  It has continued to rise.  This upward push is exactly what put this stock on my broad watch list. 

For more information check out this hangout here.    



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