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Re: flybyday post# 136629

Wednesday, 05/02/2012 10:07:39 PM

Wednesday, May 02, 2012 10:07:39 PM

Post# of 157299
Perhaps we should ask the other board members why an independent chairman was brought on board. It's possible this decision was completely out of Estrella's hands and they didn't want Estrella filling 2 roles.

Sure, Clark may have had every confidence in Estrella as you claim, but perhaps the rest of the board didn't. Clark resigns and Estrella has only 1 vote on a board now consisting of 4 directors. I can imagine how the vote went.

What I'm wondering is if the board found out about Clark's resignation on Friday, leaving them scrambling over the weekend to find a replacement. Who currently in the company had previous ties to the new guy? Or was this something planned weeks in advance? Again, the lack of any comment by the outgoing Clark makes me think this was a bomb dropped on the company without warning.
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