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Alias Born | 02/27/2014 |
Sunday, May 10, 2015 9:43:22 PM
It comes down to what choices he makes in the light of what happened.
A change is needed in corporate governance and in compensation, and that starts with the board working more closely with institutional investors like Wynnefield Capital and with proxy firms, and forget all about cheap Californian PR tricks.
The board and the management needs to be trusted by investors, to take this company to the next level.
A margin call happened to chairman of the board and founder of Green Mountain Coffee Roasters in 2012 and the stock is now 4 times higher than back then.
The chairman of the board of Green Mountain Coffee Roasters did lose his job for this mess though, even if the company was a multi billion dollar company at that time, with much less to prove the World than Musclepharm. He broke the internal insider trading rules, but he didn't break any securities laws as he never tried to stop the involuntary sale.
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