Ahhhhh. it's 7 months. The current CEO will begin to get the feet more firmly planted on the ground and hopefully in the land of common sense and realize that shareholder criticisms of the company for being in the sp toilet for years and the dismal results put up by the former CEO have absolutely nothing to do with her father and her relationship with him or her loss. Those issues are worlds apart for shareholders. And stop blaming others, it's an ugly Whelan trait! Never blame anyone, not even yourself! First rule of an executive! It's not me talking and it's not personal - pay attention to any half-decent 'B' School!
People don't care, don't want to know about family relationships or losses and, properly, have zero sensitivity to those matters. They only care about deals; why aren't there any in 10 years? Sales; why are they in the toilet for 10 years? And the share price at .0005. If the current CEO can't separate the obvious and ignore the familial issues, she makes herself totally ineffective and a perfect target for criticism. Being CEO of a public corporation is not attending a day-care. It's business!
So make the decision, CEO or day care attendee. If it's to be CEO, then fix the BoD, fix the previously corrupted share structure by disappearing 28 to 30 billion Whelan shares concocted by the former CEO and give yourself and all shareholders a fighting chance to succeed, or don't and stay in the .000 toilet. Under those conditions, announcing deals will result in a mediocre rise in sp.
By disappearing the shares, just burn 'em, you wisely position the company to run much longer and stronger, with greater underlying stability, for when deals are announced. Create a positive legacy as a CEO who took the courageous steps to undo negative conditions and lead a company to profitability for all shareholders.
Or position yourself to have a legacy that includes words like self-serving, greedy, lacked vision and wisdom, defiant, poor listener and the apple rarely falls far from the old tree. Decide, but don't continue to fire blanks and look inadequate. Step up and make a positive difference, instead of being identified with 'same old, same old'. For sure, don't continue to do nothing on Twitter. What did that ever do for you? Nothing!
