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Ann: Resignation of CEO, page-22

  1. 146 Posts.
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    think it all makes sense that a break up is the most likely possibility now.

    1. ASM (current board) wants their money back (not in the business of running casinos). so, liquidate 2 casinos to the bidders/ suitors.
    2. ceo talks to board, discusses the plan. ceo thinks that the plan is not what he signed up for, and wants to grow his profile and career as a capable CEO, rather than organize sale of assets. Decides it's not for him, so logically move on.

    each to their own. it's business.
 
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