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SandRidge's (SD) board responds to related-party allegations (I, II): "The Board has reviewed...

SandRidge's (SD) board responds to related-party allegations (I, II): "The Board has reviewed issues related to these allegations several times over the company's history and has found no wrongdoing to have taken place... The company maintains and enforces a written policy that requires material related-party transactions to be reviewed and approved by disinterested members of the Board."
Comments (8)
  • robgra
    , contributor
    Comments (355) | Send Message
     
    Maybe the new SEC commissioner will have a different opinion. I certainly hope so.
    25 Jan 2013, 08:48 AM Reply Like
  • rjj1960
    , contributor
    Comments (1360) | Send Message
     
    From 80 down to 7, if that is not "wrongdoing" then nothing is. SD is a case study in having no shame of any kind
    25 Jan 2013, 08:57 AM Reply Like
  • grube
    , contributor
    Comments (3) | Send Message
     
    If you feel that way then why own the stock ? Seems to me all the negative comments don't do much to support the stock going higher.
    25 Jan 2013, 03:41 PM Reply Like
  • mitchjl
    , contributor
    Comments (260) | Send Message
     
    You can always sell your interest.
    25 Jan 2013, 09:34 AM Reply Like
  • Bob Curtin
    , contributor
    Comments (67) | Send Message
     
    How about a list of the related-party transactions that were turned down by the "disinterested members of the board". Too bad that the review was not done by members of the board who represent the shareholders.
    Tom Ward, you need to pick up a book about Richard Nixon. He stone-walled his way out of the White House.
    25 Jan 2013, 09:48 AM Reply Like
  • gausmus
    , contributor
    Comments (93) | Send Message
     
    Response clearly drafted by an attorney. This board should worry.
    25 Jan 2013, 02:12 PM Reply Like
  • Chancer
    , contributor
    Comments (2569) | Send Message
     
    Good reason WHY the SD board needs to be replaced. Let's see what a truly independent board decides.
    25 Jan 2013, 04:17 PM Reply Like
  • rmdonovan
    , contributor
    Comments (54) | Send Message
     
    The response sounds like: "Pink elephants that fly live in my backyard".
    25 Jan 2013, 06:56 PM Reply Like
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