The restructuring group has solid credentials, from what I see. That's a plus, going forward. The fact that the CEO is being replaced "for other opportunities" is PR-speak for dumped for fresh faces and ideas. Another plus. My read on this early-on move is that it signals a likelihood for greater rather than lesser restructuring goals and the possibility that someone is FINALLY going to do something comprehensive and meaningful to take a company with both enormous assets and enormous environmental liabilities and actually remake it into a living, breathing, healthy organism instead of a critically wounded triage victim on life support. It will take time for the latter to play out, but I would be more encouraged than discouraged by yesterday's announcement.
All JMHO.
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