You hire a dud as CEO. Sooner the Board admits this the sooner they can move on with actually hiring someone that can run this company. In the meantime, enjoy watching your company bleed value daily causing more and more necessary layoffs. Id--ts.
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@a1 agreed. Seems to have no plan except to find a lowball buyer to trigger his clause. Most of my team is new with the company (under 5 years tenure) and we all have stock at like a $110/share average.
EL has pretty much been a disaster from Day 1.