Monday, December 15, 2014 9:59:51 PM
I will agree with you in one respect. You stated, "...the honorable thing for a CEO to do who is being manipulated by a "financier" is to resign, not draw a quarter million dollar salary per year, or whatever it is she makes."
I believe Laura earns in excess of $400K per year (but I welcome clarity on this), and I have long believed that Laura should halve her salary until such time as the company has eradicated its debt.
I feel we can calculate with certainty how Laura would respond to a request such as this, however, IMO it would demonstrate a level of confidence in the future, as well as fairness to shareholders.
But to your point of resigning...resigning does not help the company. Essentially you have stated that "nobody" should accept the CEO's position simply because YA controls the company. Again, there is no information that would indicate she is ineffective. Should she be effective and resign, then we have truly lost.
JMO...
Best,
BC
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