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Re: CaptWhizbang post# 12003

Friday, 03/23/2012 2:19:34 PM

Friday, March 23, 2012 2:19:34 PM

Post# of 29204
From the linked blog:

"Rubicon has been a major disappointment yet highly paid chief executive Luke Moriarty remains entrenched after eleven years in that position and three of the five non-executive directors have been on the board since early 2001.

Why do the chief executive and directors of such a poorly performing major company have such long tenures? Do Rubicon's shareholders have any ability to initiate badly needed changes at the company?"


Makes me wonder also when promises are broken, i.e. "no further dilution seen as necessary; profit next quarter, accounts receivable issues..." all the while pulling in a million smackers. Cut that by about 90 percent and we might show a profit.

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