RE: I see20 May 2017 10:17
""Not the best corporate governance to have the Chief Exec setting strategy when the notice period is ticking away.""
I agree, I have already posted that this is a good opportunity for an asset stripper and with IM's contact in the IT world he is well placed to do another company, perhaps one he has connections with already, quite a "favour".
I really do think this needs challenging quite soon. It would also be good to find out quite what the BoD consider to be a fair share price to, "return value to investors"
The price has been low now for so long, and so little has been done about it that I can't help thinking it is all part of plan to get us used to these low numbers.
However after a 1-10 consolidation the price had risen to 340ish. (34 p in old money)
Since then there has only been steady decline on a programme of sustained "unfortunate" events.
I accept fully that a good job was done initially bt the BoD but they can only trade on that for so long.
They are being paid good money even now... so they need to continue to EARN it rather than just get PAID it.
"""I don't understand why they don't serve notice on him and have the lame duck leave now rather than let him work the rest of the year""
Again, I agree, but he would need replacement by somebody good, Harriet Green? I've always liked her and I'll tell you what, I don't think SHE would have been so "quietly doing the job" for so long.
She was brilliant at Thomas Cook. Of course, she have better things to do, you could understand it, couldn't you?
https://en.wikipedia.org/wiki/Harriet_Green