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  "documentTitle": "Weis Markets, Inc. (WMK)",
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  "authorName": "Ben Axler",
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  "presentationDate": "2018-09-05 00:00:00",
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  "notes": "Uses direct quotes from proxy statements to expose management behavior.",
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      "kind": "callout",
      "text": "Weis' Compensation Committee Must Live In The Twilight Zone Where Decade Low Performance = Success",
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      "text": "Ridiculous Perks For A Company Where All Its Assets Are Within A Few Hours Drive of Its Headquarters",
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      "text": "And of Course, When Times Get Tough, Ramp-Up Related-Party Dealing With The Chairman/CEO",
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      "text": "Weis' Compensation Committee Must Live In The Twilight Zone Where Decade Low Performance = Success",
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      "text": "The Weis family controls 65% of the stock and uses NYSE governance exemptions to create a weak Board of just 5 members (3 are independent) that can rubber stamp the Chairman and CEOs directives. For example, even when financial performance was at a multi-year low in 2017, executives did just great at the expense of shareholders.",
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      "text": "\"Based on consideration of the criteria discussed above and the overall financial and operational success of the Company in 2017, the Compensation Committee made the decision to provide a salary merit increase, ranging from 4% to 14.9%, to the Named Executive Officers\" — Weis Proxy Statement",
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      "text": "Source: Weis Proxy Statement, pp. 10, 14, 20",
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      "text": "Weis Markets Run For Insiders, Not For Shareholders",
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