American Green Inc (ERBB)

[neilbolton]

Why 50%. Management is fully responsible for what happened.

Peter Jacobs deserves 100% blame.

He is perhaps the most incompetent CEO of any company I have followed. Over the years he has set many many goals, some major, some minor. I can't recall any goal, major or minor he has met. He could not even meet goals he set that were only weeks or a month out in the future.

As for all your visits and talks with management. I can't recall one piece of information you offered as a result of those meetings that has come to fruition. Zilch. Nothing.

Not only is Peter Jacobs incompetent, he is dishonest. He has lied to everyone. Although it was before I took an interest in MediaMax, from my subsequent research I agree with others who say the Will-Shown PR was an out and out lie and disclaimers do not make a lie OK. That PR was pure fabrication. He has also written many things on AskThePrez that were out and out lies and they were not covered by a disclaimer of any sort.

From the information I have obtained researching the music industry, I also came to realize that statements he was making regarding what the industry was doing or planning or committing to (with SunnComm) were also untrue. This has been borne out by where we are today.

I agree that everyone here has to take responsibility for their own investment decisions. Even if lied to, they have to blame their own naivety. It wasn't as if there weren't people exposing what was going on. Obviously it it not easy to know who to believe, but with management over and over failing to meet every committment, and much of what the naysayers like Kenco or those on the other board proving to be true, there comes a time when continuing to accept the statements of management can only be put down to naivety at best.

Accepting reposibility for one's investment decisions doesn't mean management is only 50% or 90% responsible for their part. They are 100% responsible. Not Sony-BMG, the current scapegoat, or the many previous skapegoats - the shorts, the bashers, Macrovision, Felten, the EFF.

Peter Jacobs is 100% responsible.