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The Paraclete

04/21/16 11:13 AM

#86447 RE: Watts Watt #86415

Interesting thoughts, Watts.

I agree that the composition of the Board is important. However, the Board should be involved with governance: not with running the company. It is the job of the CEO to run the company – not the board. When a Board is dissatisfied with the way a company is operated, they should fire the CEO and hire a new one. Boards that get involved with running the company (micro-managing as it is called) is a recipe for disaster. And we certainly can't handle another disaster. This company has had more than its fair share of those. :-)

As for your wish of having Li remove Steipp from the Board, that will never happen – unless Steipp is also removed as CEO. (And that could happen.) A CEO of a company ALWAYS has a seat on the Board. Still, I certainly understand your well justified concerns. It would be refreshing to have you occupy a seat on the Board. That would put an end to business as usual. That's for sure!

joshuaeyu

04/21/16 11:52 AM

#86449 RE: Watts Watt #86415

LAME DUCK / PUPPET EMPEROR / FALL GUY

There will always be a role for someone such as Steipp. Someone in that role needs to get paid somehow.

LQMT lost its soul back in 2010. We need to accept that.

More importantly, it is better to assess how "Apple <=> Li" true behind the scene business relationship will pan out. One can dream/speculate all kind of synergy.

One will always question why LQMT. Businessmen from both companies have thought it through and decided it is better with LQMT than without. Hence the "deal" on the table.

For LQMT short term shareholder, they just have to pray there will be some "accidental benefit" breadcrumbs that can trigger "wise" money to care.

For LQMT long term shareholder, we can only hope Li will have "personal" incentive to SHELTER/TAX INVERSION. Under that scenario, LQMT will be "linked/perhaps even bias" with the success of his empire.