OTCPK:CUUHF - Post by User
Comment by
Construction555on Apr 06, 2020 5:04pm
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Post# 30884519
RE:Crow
RE:Crow
I am thinking just did not have enough knowledge and experience to run the company. I think LeMay put to much trust in a former PWC consultant who had never really accomplished anything in industry. Usually as a consultant you make your recommendations and run. If they don't work out its managements fault. You find when you are in senior management in a company you eventually need to take responsibility for your poor decisions. Can't just blame everyone else. This goes back to the botched merger of Stuart Olson Contruction and Dominion. Lost alot of contracts and good people to other companies on that one. Whoever consulted on that one should have be fired long ago.
We can crab about compensation. Board should have made better decision on CEO and the CEO should of trusted those whose brought results, not those who just boosted his ego and supported him getting and keeping power. I doubt any board or executive read this board anyway. A few of you seem to have been at Stuart Olson or are still there. Any insight on why this company crashed so badly from its peaks prior to Jim Houck being CEO. Was Jim's ego in getting rid of over 100 million in cash and taking on debt in an acquisition to stroke his ego that went poorly the biggest cause. Is LeMay just following in Houck's footsteps.