I received an email after my post on Sylantro wondering why I don’t bring up companies like Vonage when I talk about corporate failures. Specifically I was sent a link to Vonage VP/CFO/Treasurer’s page on Forbes where they show his annual compensation to be just under $2 million dollars.
Attached to the link, the following thoughts:
It is because of this man that the company has never made a dime and artificially depressed VoIP prices to kill off competition and ensure the VoIP industry remains under pressure for years. This is a very difficult accomplishment 😉 .
While we can’t blame John Rego for all the problems over at Vonage, I can’t understand how anyone at any company can be taking home this kind of money when the stock price looks like a ski slope. C’mon Vonage, even ski slopes have muguls.
