S3 (A LONGER TERM PERSPECTIVE) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : S3 (A LONGER TERM PERSPECTIVE)

SIII 0.0001000

0.0%

May 12 5:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: stock talk who wrote (7881)	11/14/1997 10:11:00 AM
From: Jan A. Van Hummel	Read Replies (2) of 14577

Frank, I think this would be a logical move. Whatever the extent of GJ involvement in the erroneous reporting, even if zero, it happened on his watch. However, if this will be the only change it won't be enough. There must be a change in the composition of the Board. We either need to see replacement of insiders with reputable, independent outsiders, or enlarge the Board adding reputable outsiders. Without change at the Board level it will remain a rubber stamp Board and any CEO will be a lame duck. Granted, if the new CEO is a greater visionary and strategist than GJ it is a move forward, but never forget it is this Board that got you into the trouble, can you entrust them with getting the company out of this trouble as well? You can't fire the whole team so change the coach. If there is going to be a change it will probably be announced after the release of the audit results. GJ will be the fall guy and the BoD will hope that will pacify the investing community enough to get them of their backs. I strongly believe we must continue to pressure for changes at the Board level and do so more directly. JMHO Jan

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next