24/7 Wall St. Most Overpaid CEO Of The Day: Gatehouse (GHS) CEO Michael Reed
August 18, 2008 by Douglas A. McIntyre
Newspaper stocks are way off as the industry struggles with falling circulation and advertising revenue. But one company, Gatehouse (GHS), stands out as being much worse off that the rest.
Today, research firm Morningstar wrote, "We think GateHouse’s equity is worthless. The company has been an aggressive acquirer, which resulted in an unmanageable debt load."
CEO Michael Reed brings home a base of $500,000 according to the Gatehouse proxy.
In the meantime, GHS stock is down well over 90% to $.69. The stock has traded below $1 long enough that there is a real threat it could be delisted from the NYSE.
All of that for a half a million a year.
Douglas A. McIntyre
Essential Tips for Investing: Sponsored
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.