Stuart Olson Inc CUUHF

David LeMay

[Charlie101]

Not sure who he is working for, but it's not the shareholders.  How can we oust this guy and his team?  A $1.6 billion backlog is surely worth more than $4M plus the cost of carrying debt.  If this goes through, it'll be a serious exploitation of shareholder value.  Hopefuly Benj  Gallanger or another significant shareholder can lead a charge for a change in managment.  We. need a activist shareholder to set things right.

[wheeloffortune]

You're dreaming.  It's too late.  Look at TMX: it says it's bleeding $5.92 a share.  The takeover offer is generous.  If the offer's not accepted by shareholders, it goes straght to bankruptycy court and the backlog is liquidated to Bird Construction for even less.  There's no money to delay it beyond the vote.

[Charlie101]

Hard decisions are needed to survive.  They're not getting my vote.  

[Latour00]

Can there be any argument at this point that David LeMay and Al Bellstedt were one of the worst CEO/Board Chair pairs in human history?

[Charlie101]

There were many bad CEOs, so not sure he's the worst.  He is either crooket or spineless and doesn't under his accountabilities.  It looks like it's a deal contrived by Bird and Canso (the debenture holders) at the expense of those that own the company.  Questions that need to be answered include did the SOX Board and management solicit offers from others, did they ask

[flavin87]

Once SOX defaults on their contractual obligations (bankruptcy being one condition) the owner will call the bonds (if supplied), void the SOX contract and seel another contractor to finish the job. Any extra costs to complete the work will come from the bond or a clam against SOX. Bird has no say in the decision unless the owner wants to deal drectly with Bird. Where are all the analysts that

[FalconFlight]

Bird is on the same path as Stuart Olson in 2009-2010. Management warned the CEO not to acquire Dominion for the same reasons. LeMay is the most stubborn CEO I've ever met, knows it all and take no notes from his management at all. Since 2013 ALL of his management team members left and in most cases that happened twice as people just dont believe in his business practices as well as in

[YoungInvestor89]

You can oust him by voting yes. Thought that was made pretty clear today. 

[DownSouth]

Unbelievable that a Rookie electrical appy can mess up a once great company in such a short period. What a a.....hole....