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Message
1
Posted on 7/1/17 at 8:49 am to Rouge
quote:It should be a crime to let a manager with such vision go.
So OP gets fired and wants CEO that had him canned sent to prison?
Posted on 7/1/17 at 11:59 am to Spirit of Dunson
quote:
It should be a crime to let a manager with such vision g
Nope. If there is a prosecutable offense it would along the lines of failure to execute a fiduciary obligation or a malfeasance type of offense.
Posted on 7/1/17 at 1:37 pm to tigersbb
Why don't you leave the legal analysis to lawyers, and you focus on inspired visionary leadership?
Posted on 7/1/17 at 2:29 pm to Spirit of Dunson
quote:
Why don't you leave the legal analysis to lawyers, and you focus on inspired visionary leadership
That is why I came to this board to seek input from lawyers or any one with legitimate knowledge of these matters.
So unless you can supply meaningful information why don't disengage from this thread and quit with the snarky comments.
Posted on 7/1/17 at 2:45 pm to tigersbb
You are about to make your situation much worse if you keep divulging information here.
Posted on 7/1/17 at 2:47 pm to tigersbb
quote:
poor decisions which lead to 80% reduction in dividends?
Carly Fiorina ran HP into the ground, got a huge million dollar severance check when she was fired, and got to run for President!
This post was edited on 7/1/17 at 2:49 pm
Posted on 7/1/17 at 2:47 pm to tigersbb
Being bad at your job is not against the law
Posted on 7/1/17 at 3:14 pm to tigersbb
I just want to get on the record here to let you know that you are a dumbass.
Posted on 7/1/17 at 3:17 pm to tigersbb
You are such an unbelievably dense person. I cannot believe you have not deleted this.
Posted on 7/1/17 at 4:26 pm to tigersbb
Business Judgement rule bro, so I doubt it. You should be pissed at your board of directors for not pulling the plug on him.
Posted on 7/1/17 at 4:47 pm to Lacour
What is his related to?
Posted on 7/1/17 at 4:52 pm to tigersbb
Did he lie about income could be sarbox liability
Posted on 7/1/17 at 4:52 pm to Lacour
What does it matter if he posts this? He's either already been fired or he's an investor mad about the dividends. Either way so what?
Posted on 7/1/17 at 5:04 pm to Jcorye1
quote:
You should be pissed at your board of directors for not pulling the plug on him.
The board quite frankly does not have the intellectual curiosity to recognize what has occurred and the board is now stacked with cronies of the CEO.
The board is not yet aware of the looming cliff. They are continuing to receive divdends from the successful years and have no idea of the precipitous drop that is looming. The profit margin has dropped from 30 % to 7% and will adversely affect smaller and medium sized business more than larger operations. Once those smaller operators realize what has occurred they will have some decisions to make.
Posted on 7/1/17 at 5:06 pm to biglego
quote:
What does it matter if he posts this? He's either already been fired or he's an investor mad about the dividends. Either way so what?
Thank you. There are posters on this board who cannot add anything substntnial to a discussion, yet are compelled to continually make ad hominem remarks.
Posted on 7/1/17 at 5:15 pm to jackmanusc
quote:
Did he lie about income could be sarbox liability
Unknown, but a justice department investigation can turn up some unexpected things including Sarbanes - Oxley.
Posted on 7/1/17 at 5:23 pm to tigersbb
Sounds like the shareholders voted in a shitty board, who voted in shitty upper management. Yet again, you should be more pissed at the board members for failing to be educated and allegedly not being great at their fiduciary duties.
Posted on 7/1/17 at 5:42 pm to Jcorye1
quote:
Sounds like the shareholders voted in a shitty board, who voted in shitty upper management. Yet again, you should be more pissed at the board members for failing to be educated and allegedly not being great at their fiduciary duties
I agree, but I am beyond assessing blame to the board. As amazing as it may sound, the board was clueless about what occurred and learned of it only after the fact. At that point negative ramifications had not developed . Now they have but the board is now stacked with cronies. There are other factors I won't go into , but if this onion ever gets peeled it will be multiple layers thick.
Posted on 7/1/17 at 6:02 pm to tigersbb
AT&T CEO Randall Stephenson blew 10 billion with a B on a failed attempt at acquiring T-Mobile.
He received a 24 million dollar bonus that year.
He received a 24 million dollar bonus that year.
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