Replies to post #1080 on Viscount Systems (VSYS)

[tedpeele]

You have made some decent points with regard to our new CEO. The positives I see are:

1. His career has been in security systems since at least 1998. Unlike some CEO's who jump into industries they know little about. I see this as an indication that he has broad knowledge and contacts.

2. He has worked with some very large companies. Fortune 100 and 500 companies. I assume that he knows a lot of the people that POTENTIALLY can take Viscount to a much higher level IF the technology is there.

3. Although I would prefer that he had been CEO of just 1 or 2 companies that grew like hotcakes in the last 15 years, just the fact that he has been CEO of some large companies (100 million , 70 million , 50 million) again speaks to the likelihood of his competence and contacts.

We can always question whether one has achieved his position through true competence or just political means. The answer probably is almost always a combination of both.

I don't have any hero worship for the CEO, but I do like the fact that we have an industry veteran, and the benefits that SHOULD come from having him in charge.

As to measuring results, I really think timing is the most critical factor. Without being at the right place at the right time even the world's best CEO is generally going to fail to create a growth company that is profitable IMO.

From what we have been told Viscount IS at the right place at the right time. IF THEY ARE RIGHT, then ramping up a sales team is the right thing to do. I too really like the transparency that seems to be coming across. As for performance-based compensation, what's wrong with that? As for financing the company at current market rates, what's wrong with that?

Watching at waiting..