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To: Curtis E. Bemis who wrote (2515)12/5/2000 10:38:19 AM
From: BWAC  Respond to of 5459
 
To put things in another perspective. Cotsakos has had around $1 Billion in advertising budgeted funds the last 2 years to grow shareholder value with. He has used this money to grow the size of the company, but failed to grow or even maintain the value of the company. Thus his concept of 'spend to grow' is a failure because it did not achieve the ultimate end result. This was reported to be a concept he brought to the BOD, his idea, his plan. He reportedly convinced the BOD to forgo profit in exchange for growth in size, assuming growth in shareholder value would follow. To date it has not. To date, this plan is a failure in the end result. Cotsakos is responsible for the plan. Cotsakos SHOULD be held responsible for the results.

Instead he apparently wants to be rewarded with more option grants.



To: Curtis E. Bemis who wrote (2515)12/5/2000 10:47:18 AM
From: BWAC  Respond to of 5459
 
Or put in a military perspective, since EGRP management is so fond of these type terms:

If the platoon got slaughtered on the way to the battle, would the General be perceived as a success?