Only thing to be sorry about is some jumping to erroneous conclusions. The mistrust has become palpable and is completely unfounded, leading the sharing of pertinent information to dry up, as of right now. Suspicion, criticism and insults do not attract or keep good people. I know the individuals who were prepared to step up and it was a dream team. The mistake was sharing its existence. And compensation was never discussed, not once.
The one thing that has been (conveniently?) overlooked, or forgotten, is that Whelan made the initial approach concerning his retirement and after expressing that wish asked for help in doing so. Since then, erratic and argumentative has been the style. Erratic Founder's Syndrome or a desire to mask history, all made worse by advancing aging issues.
The good thing is that the specific details of the work-out plan were not revealed. One of the Group of Seven, as it is known, who was contemplating putting a million dollars into the pot, became so unimpressed that he walked. Too bad, every component necessary for significant success was deemed firmly in place, except for the incompetence and reality swings of the CBO, CEO.
And the share price remains in the toilet. As has been said, were the CBO, CEO not incompetent, the share price would not still be in the toilet!
Never buy/sell a stock on my recommendation alone. Always do your own DD and be aware of the risks!
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