frauds Message Board - Msg: 34673678

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Non-Tech : frauds

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From: Harshu Vyas	5/21/2024 6:07:57 AM
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Seems Pittman's done it again. This time with IHRT. Something about cheetah's spots. IHRT should have been a cash flow machine as radio slowly declined. There's a genuine economic moat that IHRT have. A real disasterclass in corporate governance. What are the BoD doing? Pittman and his cronies need to get fired. Seriously. Their comp packages are insane and shareholders feel satisfied when they makes small purchases of the stock? The company will go bankrupt a second time. Come on, some activist needs to do something! Shake up the Board, have a vote of confidence... All of the earnings calls speak of podcasting and spending money/time there when radio is the business. The acquisition of Triton should never have happened until the radio business was fixed and the business was going-concern worthy. It still isn't. Never seen so much ego and stupidity. Pittman's vision alone has wrecked the company, which was possible to turn in 2019. I'm not even a shareholder (I was briefly in summer last year) but I'm still disgusted by what I've witnessed. Of course, none of the above is fraud, but it should be. SHAKE-UP AT AOL: THE FORMER EXECUTIVE; The Fading Fortunes of AOL's 'Bob Pitchman' - The New York Times (nytimes.com) iHeartMedia, The #1 Podcast Publisher, To Acquire Triton Digital

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