Originally Posted by
nitefr8dog
Board members are usually hand picked buddies of those charged with running the company and making the decisions...they will not speak up as long as the pay and perks continue.
This is too broad a statement. This is not true when activist investors own some of the company, as here. They put people on the Board, they pepper the CEO with questions daily, etc. If things are running well, NP. If things start going off the rails, as here, it's a problem for management. These guys were no shrinking violets at the last phone call, and that one guy just called total BS on their wait-until-this-passes strategy. They're going back to the drawing board. What inane crap they come up with I can only imagine, but change for change's sake is a start here.