Originally Posted by
coflyr
Who would you fire? VDV was watching the meltdown and laughing counting his millions at home, he’s already gone. And GK runs the board, not the operation (allegedly). I actually don’t lay this at Andrews or Bobs feet, they were handed an operation with major problems caused by their greedy, Wall Street obsessed predecessors. I’m still not sure how VDV rose so high. But it is up to them now to right the ship. I’m happy to see the $1.3B laid out for technology this year.
This was not an operational error as much as a strategic error. The operation worked exactly as it was intended, in 1998. The strategic error was caused by GK and the BOD not doing their job and making sure the company had the tools needed to work in todays environment. GK and BOD treated this place like a piggy bank, with the stock buybacks and not investing in the operation for decades. It’s time they realize it was not their piggy bank to rob. The entire BOD needs to be let go. You start with GK and move down the line. Bob is a puppet, has always been a puppet (though on CNBC he actually did better than I expected). Anyway Bob goes in next 12 months. Andrew keeps his job as I feel he was a network guy before being moved up into the C suite. Anyone tied to GK needs to be shown the door. CK needs to be shown the door…why cause I am vindictive, that’s why.
On a side note today SWAPA should have piled it on them. A WSJ full page talking about the loss and the shareholder suit ongoing. Just hammer them on the financials….it’s time to break some eggs SWAPA.