Lalit
Let us assume that David Walsh is innocent. The possiblity exists and noone can say otherwise at this point in time except maybe David Walsh.
You are unwilling to join in an effort to remove David Walsh because you 1. Don't know if he is guilty or not and 2. You are concerned about what will happen if this support group headed by Don Clarke wrests the Company(ies) from Present management.
So far so good? I hope I understand your feelings correctly.
If this were a Japanese company, the David Walsh counterpart would have stepped down directly after Strathconas announcement, even if he knew ahead of time that things were false. Losing face publicly is shameful, but bringing shame on ones family,profession, and business is severe. No one would have to tell the David Walsh counterpart(criminal or not) to step down, because to not do so would bring such shame on the individual and those associated with him, that it would be unforgivable. Even in the US, when a CEO has been put into a comprimising position(whether proven or not. Whether valid or not)he usually submits very quietly his own walking papers.
What makes this situation so severe is that David Walsh refuses to do the smart thing. Just think about what he is telling the public, and what is in the best interest to the investors.
If David Walsh had been smart and above reproach, he would have seen the wisdom in stepping aside. A campaign such as publicly saying "I need to relinquish control of Bre-X until investigations are complete. It is only fair to the investors that I do so. This way the investigations can be clearly objective, since my involvment with the company makes it impossible for me to be impartial. It is also from a judicial perspective wise to step down so there will be no question as to the validity of all investigations and inquiries. I am convinced that when this is over, my name will be cleansed and I will be able to with the aide of Bre-X investors put the company back on her feet again."
Lalit-Wouldn't such a statement. Wouldn't such a campaign have brought more credibility to David Walsh? He needs tho realize that by spearheading the exposure of Busang, he is comprimising the investigation. If a policeofficer is acused of a crime, does the precint he works for allow him to take part in the investigation, or in any way influence it through choosing who does what? Only in Hollywood films. Reality is. David Walsh should have taken a lesson from the Japanese.
Some would have been so shamed, that they would have been found kneeling, slumped forward with a sword in the stomache. I am not insinuating anything by this comment, but it shows the lengths some individuals go to try to make ammends.
Remember. I never said the question was if he was guilty or not. The question is how is his involvment effecting the current situation?
As far as Don Clarke and co are concerned, I can only say that if he succeeds in obtaining the 10% needed, he will have at his disposal the opportunity to call candidates who will then need to be ratified by vote, and I highly doubt that Mr. Clarke is vying for position as head of Bresea. As you said, he is not qualified, and voters are not foolish enough to think he is.
Thanks Dug |
