Post by
AlwaysLong683 on Jan 13, 2023 2:00pm
Random Thoughts
1) I highly doubt there will be any shareholder lawsuits, much less ones that actually succeed. I'm not a lawyer, but I believe the bar for a ruling in your favour is quite high. Things like theft of funds by management / BOD, gross negligence backed up by a boatload of evidence showing management / the BOD clearly and willfully neglected their duties, etc.
2) If Banskota was to resign, he would have done so by now. For those who would like to see a change in CEO, you'll probably have to wait at least 6 months (but most likely a year or perhaps longer) as Banskota is given time to sell assets, see the outcome of the Kentucky Power deal through to a conclusion, etc., and have the BOD review his performance. If he doesn't meet certain benchmarks, then I suspect the Board will ask for his resignation.
3) The events that led to the current situation are mostly the fault of management, not the BOD. Sure, the Board hires the CEO and is supposed to represent shareholders best interests, but most Boards allow the CEO to make the key decisions and don't stand in his / her way. After all, the CEO is responsible for leading the company in its vision and day-to-day activities. If a Board handcuffs a CEO by vetoing his requests on more than very rare occasions, then the CEO can rightfully claim little responsibility for company performance. Plus, any CEO worth his salt would not wish to work in an environment where the Board is impeding his efforts to see his strategy through and be held to account if things head south. The BOD is there to ensure the CEO isn't going off the deep end or is engaging in grossly inappropriate behaviour, not to prevent him from making moves that is a big part of the job they (or an executive search firm or committee) hired him to do.
Comment by
svsingh83 on Jan 13, 2023 8:19pm
This type of comments are not fair. Lot of companies where brown and white are at helm, are doing well. Sunder Pichai is one such example. When ALA sank, CEO was white. There are so many other examples You ticked somebody off for personal attacks. But what you are doing is slander. Good luck to you Ignored.
Comment by
rad10 on Jan 14, 2023 6:22am
The racist trolling on this board has been off the scale. Thanks for calling it out!
Comment by
Paray99 on Jan 14, 2023 10:19am
What an AZZHOLE you are penny? Don't declare to the entire world that you are an idiot! Just check out who holds the highest positions at the biggest companies like Microsoft, Google, Citibank, etc. And that is for one simple reason.... That is, these companies cannot employ idiots like you!
Comment by
bmeister2 on Jan 13, 2023 3:07pm
How about a good old fashioned buyout at a rock-bottom price for a green utility? there has to be some vultures eying this for their ESG governance and it would fit with as a subsiduary of many companies,oil and gas whatever. WEho will give me 13 bucks a share?? GLTA