Friday, April 24, 2020 7:39:48 AM
Shareholders are looking for strong management here, to bring this stock to the next level.
One point worth examining further is the issue of dissent in management. Plowing through all the court documents regarding WMB and ETE, there are some really deep signs of problems. Specifically, documents show that board members have actually spoken against CEO Armstrong and expressed concerns about some very strange actions he took regarding the cancellation of the merger with ETE. Board members called Armstrong's actions “unbecoming of an officer of a public corporation.”
I couldn't find filings on the actual legal cost of this fight, but no doubt it is highly expensive. And the judge has indicated multiple times that WMB is not positioned to win this thing.
I would like to see more leadership from the CEO here. Ultimately, shareholders have to hold management accountable and I don't think they are acting in the best interest of the company. Likewise with the poison pill. It goes beyond protecting the company to being overly reactionary.
Recent WMB News
- Form SD - Specialized disclosure report • Edgar (US Regulatory) • 09/16/2024 08:28:24 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/16/2024 03:57:53 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 09/13/2024 07:39:03 PM
- Williams CEO to Present at 2024 Barclays CEO Energy-Power Conference • Business Wire • 08/27/2024 12:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/13/2024 01:03:29 PM
- Form 424B2 - Prospectus [Rule 424(b)(2)] • Edgar (US Regulatory) • 08/12/2024 08:06:37 PM
- Williams Prices $1.5 Billion of Senior Notes • Business Wire • 08/09/2024 12:25:00 AM
- Form FWP - Filing under Securities Act Rules 163/433 of free writing prospectuses • Edgar (US Regulatory) • 08/08/2024 11:57:48 PM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 08/08/2024 01:07:39 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/05/2024 08:17:58 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/05/2024 08:16:05 PM
- Williams Delivers Strong Second-Quarter Results • Business Wire • 08/05/2024 08:15:00 PM
- Williams Reports Progress on Environmental Performance Metrics • Business Wire • 07/31/2024 01:15:00 PM
- Williams Announces Quarterly Cash Dividend • Business Wire • 07/30/2024 03:26:00 PM
- Williams to Report Second-Quarter 2024 Financial Results on Aug. 5; Earnings Conference Call and Webcast Scheduled for Aug. 6 • Business Wire • 07/16/2024 08:15:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/10/2024 08:45:32 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/10/2024 03:12:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/06/2024 08:17:55 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/06/2024 08:16:39 PM
- Williams Delivers Strong First-Quarter Results; Positioned to Hit Top Half of 2024 Financial Guidance Range • Business Wire • 05/06/2024 08:15:00 PM
- Williams Announces Quarterly Cash Dividend • Business Wire • 04/30/2024 03:19:00 PM
- Williams to Volunteer at nearly 100 Community Projects Across 17 States • Business Wire • 04/18/2024 03:36:00 PM
- Williams to Report First-Quarter 2024 Financial Results on May 6; Earnings Conference Call and Webcast Scheduled for May 7 • Business Wire • 04/16/2024 08:15:00 PM
- TETRA TECHNOLOGIES, INC. ANNOUNCES APPOINTMENT OF ANGELA D. JOHN TO ITS BOARD OF DIRECTORS • PR Newswire (US) • 03/21/2024 11:00:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/07/2024 09:35:39 PM
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