Post by
Apaulson on Oct 17, 2024 8:28am
Fire Ian Fillinger
How in the world has this guy not been fired yet?
Does anybody realize how much value has been destroyed under Ian Fillinger's stewardship?
He took over for Duncan Davies before the pandemic and like most forestry companies, was given a once in a lifetime gift of $1,600 lumber in which the company reaped profits, only for this bozo to then go on a spending spree, overpay for assets left and right, and now the company is so hard up they have to sell off mills for 1/3 of their book value as in the recent Quebec mills for meager cash of $30 million. Is the company so hard up for cash that it has to liquidate its assets for 1/3 of their book value? Ian Fillinger has totally destroyed this company. The share price was $45 at the peak. It's less than half now.
It's time to fire Ian Fillinger and Rick Pozzebon and bring in to new managment!
Comment by
Apaulson on Oct 17, 2024 8:30am
And somehow this bafoon was paid $4.4 million in 2023 include share based awards of $2.2 million! WTF??? He should have to give back that bonus.