RE:RE:RE:RE:An Open Letter to the Torstar Voting TrustHi Teddy,
Boynton's plan needs to conform with Honderich's desire to ignore reality and keep his inept gang of associates in positions of influence. Boynton's hands are more than just tied. Honderich has presided over this massive amount of value destruction with his previous CEO and current CFO not breaking even a mild sweat. Honderich is only concerned about preserving his position and unassailable ability to meddle in the internal affairs of the Toronto Star and wherever else he chooses to insert himself.
In any other organization, heads would be on stakes with the Board demanding more than the vague and indecisive platitudes of the previous CEO. The notion of shareholder value never crosses the mind of Honderich and the Voting Trust. That's the only way you could possibly explain the last 10 years of value destruction.
The Board has been either MIA or powerless to demand a course correction. Try and think of another organization with this level of dysfunction and descent into penny stock territory without demanding substantive change is beyond rare. This is nothing less than gross incompetence.
Finally, the Atkinson Principles are a red herring and always have been. They are a smokescreen they hide behind to justify the incompetence of the Voting Trust. No one on the current Voting Trust cares a wit about what Joseph Atkinson and his ramblings from a time that has long been overtaken by progress.