Insider Trading at Evercore

Evercore, the company that the Board has chosen to watch over and invest OUR money had one of their Senior Managers plead guilty to insider trading just a month ago. The link below is the indictment of Frank Perkins Hixon Jr, a Senior Manager at Evercore. He plead guilty to insider trading on April 2, 2014. Apparently Evercore has a difficult time watching their own managers and we are supposed to feel all warm and cozy that they are going to watch our money.

This begs the question, did the Investment Committee under Eric Gebaide’s chairmanship do any research at all? A simple Google search turned this up. Maybe this is the only company he could get or maybe he has ties there in some way. Whatever the case, leave our money right where it is, reinstate Mr. Marsden and Mr. Sullivan since they were vindicated by a court of any wrong doing with the investment that lost $46 million. You guys (Cowan, Weiner and Gebaide) come into our company and immediately set out to fix whats not broken and in the past 10 months have done nothing but anger and alienate our associates. Get your hands out of our wallets! A simple secret ballot of our associates would tell you what we feel about our profit sharing plan so instead of alienating us perhaps you should step down from your high horse, check your arrogance at the door, and ask us. While you are at it you could ask us how we feel about ATD and our company management.

 

http://www.bloomberg.com/news/2014-02-21/ex-evercore-managing-director-accused-of-insider-trading.html

Comments

  1. lisa deltrecco says:

    Enough’s enough!!! The BOD needs to listen to us employees. With all the lawsuits going back and forth maybe we the employes should make a suit of our own. I don’t know if this is really possible, but if there is any lawyer out there that wants speak up and advise it is more than welcomed.
    How can employees become part of these committees? We need our voices heard. Thank you Artie T for trying to be our voice but the BOD is so rudely ignoring you . We need a different way to get our message and our wants across to them. They continuously ignore our emails. They must think we are not serious. Its time to show them how serious we really are!
    Lets all speak out!
    We are MARKET BASKET STRONG!
    Lisa D
    Store 6

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