Sachi Gerlitz, the CEO of Ness Techologies (NSTC), is remarkably well paid for doing a less than modest job of getting shareholders results.
According to the NSTC proxy he made $903,000 last year in total compensation.
Today, Ness missed its numbers, coming in below estimates for both revenue and EPS. That drove the stock down 20% to $5.64, a 52-week low against its period high of $13.
Douglas A. McIntyre