Gymboree "GYMB" Message Board

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Non-Tech : Gymboree "GYMB"

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To: Marty Rubin who wrote (175)	2/4/2000 2:44:00 PM
From: Marty Rubin	Read Replies (1) of 189

re: control of board. source: yahoo! -----beg of quote----- pike by: ymmot_99 2/4/00 1:23 pm Msg: 2523 of 2525 It is mind boggling but maybe not as mind boggling as one thinks. The board of directors represents the shareholders and its their role to hold management of the company accountable for the performance of the company. Consider that Gary White sits on the board of directors, is in fact vice chair of the board of directors and has appointed several new people into a director position. Consider that he is also the CEO or top management person in the company. Therefore, he reports to himself and he and Stuart control the board. So, its their way or the highway. The only solution is for the company to be purchased through a hostile takeover or large shareholders initiate changes through a vote. At this point, I would suspect most large institutional shareholders have sold. I don't see a purchase. The companies who might consider it would rather crush this company than buy it and crushing it they are. -------------------------------------------------------------------------------- Posted as a reply to: Msg 2521 by pikebishop2000 View Replies to this Message ----and of quote---- ---beg of response to above msg.---- ynmot 99 by: pikebishop2000 2/4/00 1:48 pm Msg: 2525 of 2525 I agree with everything you say. White does have a stacked board. The shareholder base has most likely changed dramatically. No one cares. Invest in tech... And Stuart, who was once a very shrewd retail executive, is no longer involved in the strategy of the company. As to a purchase, 95 million market cap is real cheap for 600 stores (forget the current merchandise, a good merchant could fix that). Someone wanting to expand into childrens may see the value. -------------------------------------------------------------------------------- Posted as a reply to: Msg 2523 by ymmot_99 ----end of quote(s)--------- source: messages.yahoo.com and messages.yahoo.com respectfully. ----------------- little note: "board" gave mgmt options and may have gained more control of co. is it mgt way of getting it cheap (double check for options date of dec '98)? will they get away with it?

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