As others have previously questioned, why did the c e o pre announce failure to achieve his guidance with the caveat that business was closing just missing, yet to date he has not announced the business closing.
Seems to me there should be a balance in all reporting, yet this has not occurred. So, which is true:
- it is happening and yet not happened
- it is happening and the c e o has chosen not to provide balance
- it isn't going to compete and the c e o has chosen not to provide balance
- it has happened and the c e o has chosen not to provide balance
Regardless of the out come, janue chien hasn't provided balance in his reporting to shareholders and the market... this arrogant display is just one of the many displays that has plagued the company under Gone When... the bigger issue is the BoD cannot afford to deal with the matter effectively because they gave away the authority to do so unless they remove the chef exit office r.
The reason the BoD cannot effectively represent shareholders is due to the Employment Contract awarded the c e o which stipulates he is the Executive Charman of the Board. In the end like the above options for what may be true, only insiders know. Disregard for transparency on basic reporting matters that jaune chien continues to hold over all like a Kink of BlackBerry is unhealthy and could lead to more legal issues due to the lack of transparency.
Oh, and Uh why can the BoD not afford to Fired their c e o?
The c e o spent $1.4B on Cylance, wrote off 1/3 six months later then spent another 1/2B to make Cylance functional... all this spending like a Fortune 500 Dividend paying entity has left the business cash poor, ergo UNABLE TO LIQUIDATE the poorly performing c e o.
Shareholder have been unrepresented for too long... if you are a shareholder vote your shares to deal with this c e o. The least you can do is vote away jaune chien from the BoD Executive Chair. This action would force the BoD to place the c e o on the BoD as an Guest Exective Chair because his Employment Contract states he must be the Executive Chair of the BoD.... this shareholder action would demonstrate the inbred unmitigated disaster the BoD initiated with the unearned 2nd Employment Contract awarded jaune chien.
The circular nature of the managment has failed to represent shareholders while propping up their decision to the point of total loss of control.
Gone When is a dud, vote him off the BoD and while you are at it vote a few or all current BoD members off too!