I’ve been reading all the message on this board and have come up with some opinions of my own. First, I think a company like Zenyatta should be at the forefront of leadership and leadership styles. What I see, is that they should celebrate their successes AND their failures. They should be very transparent on both fronts to us, the shareholders. Tell us what went well- not the same thing over and over again. Tell us what went wrong and how they learned from it and what they are doing to move forward. This would be celebrating the failures and moving on.
I agree that we have been kept in the dark, as most posters have already beaten that dead horse so I won’t go on about it except that communication is key.
I do see change as a good thing. It seems the Zenforward team has put a lot of planning, time and effort into the upcoming meeting. I don’t like to mention names but Musky of all people should appreciate this change (given his handle “Musk”avite) and this: (from 2007/2008)
"Musk still owns roughly a third of Tesla — some 81 million shares out of approximately 250 million outstanding, according to the company’s filings. But keeping his ownership stake that high has come at a cost. In November 2007, in order to wield enough voting power to oust Tesla co-founder Martin Eberhard as CEO, he converted 8 million of his preferred shares into common shares. Two months later, Musk participated in a bridge loan to rebuff a separate effort by VantagePoint Venture Partners, a significant investor, to lead a deal that would have seriously diluted Musk’s control. VantagePoint partner Jim Marver left Tesla’s board as a result. From the perspective of Musk’s board allies, the move steadied the company at a time of significant employee turnover and potential loss of morale. (A VantagePoint spokesman declined to comment on Tesla board matters.)
The moves kept Musk in control of Tesla, but it also meant that his stake kept getting diluted in subsequent financing rounds.”
This is a shortened version but look where he’s taken the company thus far? Good things can and will happen.
My concern to the Zenforward team is:
How much time and effort, as directors, can you guys afford to put in? We can see that you all have your own businesses and current employments, etc.
What kind of salary will you be taking? Will you ask to be paid in stock or cash, if elected? Upper management that take stock as payment shows more commitment to the company (IMO).
GLTA! |
