Good business sense dictates this CEO has to be replaced ASAP!! However, knowing the CEO is incompetent & egotistical, what if he refuses.
Well, the one party that has control over him is RBC. He will do what they say because he hasnt a choice. RBC knows PCTL shares will get a boost and increased volume at the news the CEO is being replaced by someone (almost anyone) more competent. So from a logical & economical point of view, it makes perfect sense
Sure, theyll make up some BS story how the CEO is taking a step back to enjoy his glory years but we all know better.
Thats as much as I can say
If shareholders would raise hell, it might expedite the matter
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