I wonder how many CEO's sphincters wincedwith yesterday's news about the justice seeker in New York where he delivered a hot lead solution message to an insurance company.
I am sure it is not just insurance companies and the fact that this happened helps to justify golden wage packages and golden parachutes for when these hot shots bail or fail.
I never understood how golden parachutes for failure ever got traction.
I entertain the theory that companies don't need CEOs when a brain trust of directors have a better chance of delivering proper management.
Canopy is certainly questionable about whether we have had proper management, at least, since Constellation exercised their influence on the greenrush by shocking it to life with their initial $5 billion investment and probably that much again to get control shares.
They strategically planted their people on the boards of all the tentacles of interest to them and immediately started winding down the value of all of these assets while pursuing their great plan of merging Canopy and Acreage Holdings together to be the McGilla pot company leader of the world.
I didn't see this wind down coming and still finding it hard to believe that it has been this disasterous which has me secretly hoping for something disasterous to happen to them that orchestrated the gutting of all the potential.
Tomorrow, I guess, we see if there is some miraculous turnaround of sentiment when this deal is supposed to gel and will it suddenly generate stock price appreciation like we once had before Constellation got on board.
All of the drastic changes instigated by Constellation should have the residue of Canopy and Acreage in prime fighting position to resume Canopy's leadership of potential pot plays.
I haven't heard how these two companies are going to conquer the greenrush market and joining these still seems to hinge on some kind of US Federal legalization bills that will allow Canopy and it's tested brands to sell off the shelves of Acreage US MSO.
If the Federal legalization of pot happens for the US, our timing is out of sync to gain any fanfare, I guess!
Constellation management has all of the potential moving parts at their fingertips while hanging their hopes on the fact that they didn't take these companies too close to bankruptcy or is that where the full switcheroo of shareholder value goes to preferred shareholders and lenders leaving Canopy and Acreage shareholders holding their empty bags.
CNN has entertained a theory that the US CEO might be getting investigated for insider trading.
I remember working with a guy who figured that the US should assassinate a politician, lawyer and a judge just to keep them honest.
I suggest they need to add a CEO to the list and maybe a couple of people high up in the Securities watchdog business.
Black market could deliver some kind of bitcoin payment, no name participant investor who could nominate his choice of these hotshots for justice seekers service.
Not enough seriousness taken by the instigators of these fancy deals but I bet that Insurance company's management are having second thoughts today.