Sulja Bros. Building Supplies, Ltd (SLJB)

[Time To Roll]

I think this post covered a possible valid reason for the statement:


Posted by: Waverider110
In reply to: None
Date:9/18/2006 7:10:40 PM
Post #of 6481

SLJB-Important strategy in CEO Statement:

By voting on a CEO in 6 months, who do you think gets to determine who the permanent CEO will be?

The Majority shareholders, of course...just like always. But, this leaves the big block purchasers feeling in control even now. THIS is VERY important in a cultural setting where Middle Easterners are using THEIR money to make this company HUGE. Remember SS saying something to the effect of "we protect our money in this joint venture".

Although I was less than happy with the CEO statement at first, now I understand it and how it protects MY money invested in this company. My money depends on the BIG PLAYERS being happy, real happy in this North American Company meeting their needs.

They make it happen, and only them. Let them protect their money.

Below is a cultural insight that helps validate my opinions expressed above:

http://www.uaeinteract.com/business/bmethods.asp