MicrostockGroup
Agency Based Discussion => Shutterstock.com => Topic started by: Les on July 29, 2020, 18:11
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SSTK shares rose 50% from around $35 to $52 in two months (June and July 2020) since the contributor's commissions were cut. So now you know where your money went. Much better deal for shareholders than for the photographers. Also not as much work.
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SSTK shares rose 50% from around $35 to $52 in two months (June and July 2020) since the contributor's commissions were cut. So now you know where your money went. Much better deal for shareholders than for the photographers. Also not as much work.
No surprise there.
I'm glad they're not eating high on the hog at my expense… 'cause I'm outta there!
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SSTK shares rose 50% from around $35 to $52 in two months (June and July 2020) since the contributor's commissions were cut. So now you know where your money went. Much better deal for shareholders than for the photographers. Also not as much work.
Sadly, this is common practice among public companies. Boeing problems came from a CEO that only cared about share prices and push out the 737 Max plane and we all know how well that went. Now the company is just trying to survive on the commercial side- their only saving grace is that half the company works for the defense side (DoD). CEO are paid too much based on stock performance- screw the workers/contributors...
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I would only add that it is mostly short term stock performance that is rewarded - leads to short term thinking.
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I would only add that it is mostly short term stock performance that is rewarded - leads to short term thinking.
I totally agree on the "short term". I do not think that "thinking" is an outstanding quality to be highlighted as an average quality among the leaders of the SS, I do not think they go beyond man, camera, ........ Now the parade is left to look for other jobs among its staff labor. Save on non-original copier toner, fire computer scientists. And put a recorded disc in Customer Service. ...... If your problem is with a download, please dial number 3, .... if your problem is that you cannot find a suitable file, press 4, .......
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I think they view SS business as time limited and aim to squeeze as much as they can out in the next two - three years.
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Guess I shouldn’t have sold at $37. Lol.
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...CEO are paid too much based on stock performance- screw the workers/contributors...
True, but always keep in mind that with Shutterstock there is (mostly) one less step involved. In this particular self-licking ice cream cone a whopping 40%(ish) of shares are help by insiders. The C level employees actually making these decisions. So the shareholders they are serving are actually their own pockets.
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...CEO are paid too much based on stock performance- screw the workers/contributors...
True, but always keep in mind that with Shutterstock there is (mostly) one less step involved. In this particular self-licking ice cream cone a whopping 40%(ish) of shares are help by insiders. The C level employees actually making these decisions. So the shareholders they are serving are actually their own pockets.
Well stated. I've posted many times that most of the shares are insiders and you explained that better. Also large investor groups and investment firms own much of the rest. Even though Jon doesn't own 45% anymore, he did until last year. The higher ups are paid in shares as a bonus. Stan will get a hefty share bonus for bringing up the numbers.
https://investor.shutterstock.com/sec-filings