GREY:RUTFF - Post by User
Comment by
sablesavoyon Apr 14, 2008 7:11pm
206 Views
Post# 14970133
RUT press release omits root cause
RUT press release omits root causeof losses: management that has wrecked the company's balance sheet.
Clarke has failed to show professional integrity. He should have offered his resignation.
The, so called, independent Board members have shown their true colors by
failing to remove him from office.
Personally, never have I witnessed a CEO bungling on so many fronts front. for so long. This situation, for a publicly traded company, is an absolute insult to all shareholders. The voters, at least, get to change one set of incompetents for another every four -five years. Surely shareholders should be offered similar rights.