<<Little did we know why management was so tight lipped and disclosed very little of what they were doing, especially after Bramson was fired and Strickland hired on as CEO. Stickland and McKibben have led us all to believe that they were negotiating with Hillside to resolve its debt with Hillside. Anyone remember Strickland and McKibben saying that Hillside had no justification for filing foreclosure actions against Ampex? Also, does anyone believe that Bramson will join or be one of the stockholders to oppose the Chapter 11 Bankruptcy by Ampex on May 14, 2008 hearing?>>
I would guess that Mr. Bramson will be going along with management's and the board's recommendations. After all, he personally selected all the members of management and the board, so he had a lot of faith in their sound judgment. He also did not question their judgment when they fired him, for the same reason. It must have been very difficult for Mr. Bramson to have been fired by the management and board that he himself put in place. I suppose that management and the board felt very guilty about firing Mr. Bramson and, as a goodwill gesture, gave him a consulting contract, an office, a secretary, and other benefits as compensation. |
