RE:What Concordia Healthcare needs to do "right now"?1) Sell the company to a private equity firm or pharma company for a much as you can get per share.
2) If the above deal is not competed by the end of September, the Board should ask CEO Mark Thompson to resign as Chairman and CEO and replace him.....According to Montrusco Bolton, Mr. Thompson has been raking in a very large compensation package for himself, so attracting a high quality CEO shouldn't pose too much of a problem:
MONTREAL, April 20, 2016 /PRNewswire/ - Montrusco Bolton Investments (MBI) has reviewed the 2015 compensation of Concordia Healthcare Corp's executive team. Based on an ISS report and our in-house assessment, we are of the view that the total compensation of senior executives is exorbitant.
MBI agrees with ISS that the lack of transparency regarding how compensation is determined, combined with the CEO's exceedingly high annual increase in compensation, and other issues are serious matters for shareholders.