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Re: Easyman51 post# 32451

Saturday, 09/03/2005 12:09:11 PM

Saturday, September 03, 2005 12:09:11 PM

Post# of 82595
pattrn, How do you suggest that such a mission could be accomplished?

Everyone assumes that Frudakis has some special power that enables him to pick and choose whoever he wants and he can remove them at will. You need to wake up to the facts.

The CEO is hired (and fired) by the Board of Directors. The board is elected by the shareholders.

The huge numbers of shares granted to the management over the years give them a level of influence that is no longer within the power of Frudakis himself to overcome.

Remember when Apple pushed Steve Jobs out the door?

Well that is the situation now. Frudakis is as likely to be removed as Gabriel, if it ever came down to a conflict between them.

Just because Frudakis brought them on board, does NOT mean that he still has the ability to get rid of them. Gabriel required significant compensation in terms of shares in order to sign on. Many people here have made the number of shares owned by Gabriel and Tambori a big deal. Assuming that those shares provided an incentive to advance the share price. What they did not consider is those shares provided other advantages that did not depend on share price. They offered protection from any attempts to remove them if they were not inclined to leave.

They are here until THEY decide that they have had enough. Your own wishes are irrelevant.

regards,
frog