InvestorsHub Logo
icon url

sirhaggus

02/15/12 11:34 AM

#55404 RE: longhorn 53 #55401

I don't condemn management for trying to remove Dave Williams because they felt that he was a cancer and difficult to work with.

Problem is they went about it in a way that created more problems for the company. They also didn't have the support they needed from the shareholder base to make it happen. If they had more than 50% of the shareholder vote, they could have encouraged those shareholders to get together and submit a letter voting Dave off. They didn't even need to bother having a meeting about it.

Dave wouldn't have fought it if it had been legal. He probably wouldn't have fought it if it had been mostly illegal, but they still got enough votes. Management wanted to see Dave removed so bad that they ignored some very problematic legal issues to see it done.

Management caused this thing to go to court because of how they handled it - which I personally warned them would happen on multiple occasions.
icon url

downsideup

02/15/12 1:14 PM

#55434 RE: longhorn 53 #55401

Or, they could have just complied with the law...