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Re: DigiTech post# 7740

Monday, 05/28/2007 12:34:10 PM

Monday, May 28, 2007 12:34:10 PM

Post# of 29739
I think you people maybe confused with a board on this exchange versus a real board. A board on a start up co. like this, is made up fo people that the CEO trusts. They do not, will not,nor have have the power or the reolve to go against Phil. It is basically a ceremonial position. You have to have a board, so you make one up that is a rubber stamp.They would leave, that would be all thay ythey would do. I think Phil would make an excellent President. Sales, acquisistions, speaking engaments, etc. but the CEO of this size and larger, has to be a real pro, with experience.When Phil said they they had to "pull an all nighter" that told me that he should be embarrasesed about that, not bragging, and that he could not handle the job, either by capacity, or by experience. I have said this before, the key to this thing is talking to his father, brother, or sister. I bought two co.'s that were family owned.This is an area of business I am quite familiar with. I was just interviewd for a book this man is writing on family businesses. Both public family businesses I bought, redid, and then sold to private firms.
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