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LL - Lumber Liquidators: Overpaying For Underperformance
Lumber Liquidators Holdings Inc
I have made some noise recently concerning what I believe to be excessive management compensation at Lumber Liquidators (LL). The fundamental argument is that while shareholders have seen the value of their investment drop over the years, management continues to receive very healthy paychecks and increasing equity compensation. It all seems a little unfair.
In response, I have formed an ad-hoc group (Lumber Liquidators Value Committee) composed of several large holders of Lumber Liquidators shares (myself included), and we are actively soliciting large and small shareholders to vote against management's proxy