- ADX seeks SEC permission to give as much as $60 million in company stock to its executives as performance incentives, in addition to salaries and other benefits.
- The plan provides generous rewards for mediocre performance. Monkeys with darts could do about as well, and index ETFs are cheaper.
- ADX offers investment myths, not facts, to support its proposal.
- In a reasonably efficient market, it's a waste of the shareholders' money to pay superstar prices for Curious George-level performance.