hi TigerPaw, you sez "Could this be the root of Cpq's troubles. It would be hard for any CEO to be sucessfull if there is a backstage manager second guessing"
While there is a danger of being a backseat driver, I do not think it is the case here. 1st, I confess I do not like the kind of quarterly review so prevalent on WS. That said, for a CEO who is not answerable to anyone is putting the shareholders at the mercy of how billriant and non egotistical of the CEO. I hold a couple of small caps whose CEO has more than 40% stake of the company, at first, I thought it was great to have such insider holdings. Then, seeing these guys running the company to the ground without impunity really gives me 2nd thought. Back to CPQ, the BoD has the duty to act in accordance to the shareholder's benefit.
best, Bosco |
