We haven't heard anything out of them for a while, but Elliott is still out there making their plans. It should be a lot of fun to watch our ELT squirm when they make their next move.
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Elliot just wanted to ride on the new gulfstream 9000 and go have fun on the CFO’s island.
The “elitist leadership team” is not squirming. Elliot suggested common sense, and the stock has shot up. This “suggestion of cost constraints” has given the Elitist LT the false impression that their ideas work. They tell each other it’s all working, and they spend more money.
Elliot needs to demand sacrifice from these folks, cuts at the top, cuts in perks and benefits. Not severing them, cutting their pay, taking them off their high horse, and proportional cuts to everything they have done to us. If they mandate a 7% cut across the board, each of them get the same 7% cut. They “find efficiencies” and “do more with less”. They “work smarter” and find ways to save.
For example, they slash training for staff groups - they must slash their travel and boon doggles.
Our only real hope is a larger Elliot stake and a real look at these id--ts. The best thing for us is 2 Elliot board seats - so when they “go behind closed doors” there is a voice of reason back there to call out all the stupidity and self serving actions of this group..
ELT squirm? If they get let go look at the generous package they get, case in point Suncor's CEO. It's a pleasant squirm with 2x salary+bonus.