Tuesday, January 21, 2014 5:33:15 PM
So if this idea of removing management is a viable one, we need to find a replacement.
Who could take over? It is one thing to vote them out, but it is another to have a better replacement.
But before we do we should consider: What is the failure in being "fiducially responsible"? Is it the 4+ years of no pay while they built the business? Was it the more than $3.5 million they put in the company? Was it the taking the company from a loss of $2,700,000 to its immanent if not current profitability on sales of over $5,000,000 in the past 2 years?
If anyone has a better group of candidates that are willing to take the job and can do better, I am certain the board of directors would approve this.
But the experiment with Cousin, the last rent a CEO failed. He made double what the current CEO makes and racked up all those losses and left trying to point the finger. I salute management for not throwing in the towel. But instead investing more, working more and making it a great turn around. But that is just my opinion.
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