Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Special thanks go today to the directors Getech (GTC). For a while, I’ve had in mind a new feature looking at excessive or unjustified executive compensation. It is no wonder that AIM has the reputation it does for rewarding corporate failure so generously. Too many listed companies appear to be run solely for the benefit of incumbent directors. This is a key part of the reason that buying and holding AIM stock can be such a suicidal investment strategy. Unfortunately, little will ever likely be done about this issue so all we can do is report it as we come across it. The good news is that director behaviour in paying themselves can be one of the best indicators for identifying which stocks to avoid (often like the plague!). This new feature will hopefully go some way in helping you avoid one of the more treacherous pitfalls on AIM. Welcome to Directors at the Trough.
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