Sulja Bros. Building Supplies, Ltd (SLJB)

[Waverider110]

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 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", referring to the take over/merger with LFWK. That was a corporate culture from on high. "Protect our money..."


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...and grow ours.

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

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