herr Hood was the CEO when the CFO acted as part accountant, part CheFO. As I noted earlier, at one of the CCs I asked Herr Hood about the terms the chef left under. The reasons for me asking?
Was the CheFO paid to take one for Team HoodWink in order that no one else was investigated for the scam?
Was the accounting error a product of incompetence, or was the fudging planned?
Did anyone benefit from the fudged books thru either bonuses or options?
If so, did these people who were unjustly enriched (hmmm Herr Hood may have been one of them) pay back their ill-gotten gains.
Did the disgraced CheFO benefit from his own handiwork, and if so, was that money retrieved?
If the CheFO did cook the books for personal gain, why was he not crimminally charged?
I guess the bottom line comes down to this:
Someone did something bad inside the company, and Herr Hood, who was in charge, did not think that the shareholders, who had been screwed by his management team, deserved to find out what exactly went on.
Which, IMO does not cast Herr Hood in a very good light.
What is even more disgusting is the fact that after he almost presided over the destruction of the compmnay that he was paid to run, he still maintains his arrogant posture when it comes to the shareholders.
Throw in the insiduous relationship spawned by the BOD director that also works as a high management official for SWTX's bucket-shop investment banker, (I think), and you have a stench that would do New Jersey proud.
Good luck.
RK |
