Mainly driven by my obsession with the busted biotechs, I’ve been on quite the corporate governance kick lately; I’ve talked about the poor incentives that can lead to awful decision making, and a few weeks back I detailed the awful deals at
I've been a big fan of Samir Patel for several years.
I read his activist letter and believe the candidates to replace the Board are more than qualified, especially the person with a track record in turnarounds.
P.S. The Board's face tells investors not to listen to Samir's proposal is because they likely have a base of passive investors, the very ones Graham criticized so much.
Nice. I know acquired guys did an episode on 10 greatest acquisition of all time. Might be interesting to do a 10 most value destructive deals of all time.
The misteps of ALOT's boards are unacceptable. I have followed the company from time to time, it has a moat in aerospace, so it is surprising how this board has been able to destroy value at this rate.
I've been a big fan of Samir Patel for several years.
I read his activist letter and believe the candidates to replace the Board are more than qualified, especially the person with a track record in turnarounds.
P.S. The Board's face tells investors not to listen to Samir's proposal is because they likely have a base of passive investors, the very ones Graham criticized so much.
Nice. I know acquired guys did an episode on 10 greatest acquisition of all time. Might be interesting to do a 10 most value destructive deals of all time.
the golden age of grift is not a great time for small owners to take on 'boards' looting the business. see potus, and this :
https://www.footnoted.com/jack-in-the-box-goes-super-size/
The misteps of ALOT's boards are unacceptable. I have followed the company from time to time, it has a moat in aerospace, so it is surprising how this board has been able to destroy value at this rate.