>>>With all that hanging over your head, wouldn't you welcome a new, highly skilled management team with money to make you wealthy? If you were in your right mind, of course you would!<<<
Sorry, we don't know the deal that was presented to the CEO by this 'highly skilled management team', so hard to answer. Only hearing one side of the story for this 'offer'. If I was sitting in CEO chair, I would most definitely be very skeptical of those saving me from myself by telling me to retire. No one would do this without a self serving motive. Please, do not tell us this group is doing this for ALL stockholders. All stockholders will not be sitting in the CEO seat taking a CEO salary among other positions that this 'group' will be doing. This definitely smells like a takeover of a company. Requesting that the CEO retire is a nice way to start. Blasting CEO to other stockholders is a way to gain votes in shares for what may be needed later, if plan one (CEO retirement) fails. There is NO guarantee to any and all other stockholders that this 'group' is not in this for themselves and that we would be ANY better off, than what we are getting with present leadership ------- maybe WORSE. SORRY