I realize this is not the military, trust me I get it, but you will have to forgive me since I spent my entire childhood as Army Officer's kid, and the last Quarter Century wearing the Uniform myself. I posted yesterday, a few times, that we should give Mr. Prakash the opportunity to do the right thing, and I still believe that. That being said, correcting the financials does not, in my opinion, complete the task of doing the right thing. The lame brained idea of sending word through another board member that you are working on it, does not constitute doing the right thing. Sending a half blaming, half screw up message on twitter and trying to pass it off as some semblance of an apology, well lets just say that SUCKS WIND my friends.
People Screw up.
In my line of work, when they screwed up, it usually meant that some Mother had to pay the price with their son or daughters life. As a leader I had to make some very tough decisions that I had to answer to my superiors for. I have had to fire lieutenants (otherwise good men and women) that just could not take ownership of their screw ups. And I have held on to lieutenants that owned their mistakes, and made me believe that they had learned from them. I had to trust that they would not make that mistake again.
On one occasion, during a live fire training exercise, I had a young lieutenant that actually shot one of his own platoon members in the chest. Fortunately, due to the lieutenant's own actions after the fact, and the skills of the platoon medic, they were able to save the soldier's life, but the soldier's career was over. Regulations stipulate that even in an accident, that lieutenant's career should have also been over. But because that young lieutenant had the testicular fortitude to do the right things, and faced his mistakes with Honor, Courage, and Integrity, I went to bat for this young lieutenant. Long story short, that lieutenant has since served five combat tours, saved countless lives on the battle field and earned the silver star (second highest award for valor)twice, and numerous other awards, selected early for promotion and command several times, and is being considered three years ahead of his peers for battalion commander.
The window of opportunity is closing fast on doing the right thing. Mr. Prakash has suggested in the past that if we are not happy with his performance that we should just sell and move on. Well I rebut with this Mr. Prakash, You don't own this company, the shareholders do. If you can't do your job, the one we are paying you to do, then you Sir are the one that should move on.
Mr. Prakash accepted the responsibilities of the job, he needs to act responsible and accountable to those responsibilities and his shareholders. To date, He has failed to do so.
