Haven't read todays Fin Review article, however the last quote from JH in yesterdays article says a lot. He concedes that if CP proposed solution was successful, it would be "notthing but unusual", read for a shareholder of less than 5% of the company controlling the board.
What troubles me about this statement, is that while its clear JH wants his job back, it appears he wants it back whatever the cost, even if not in the best interest of the company.
Much discussion has been made of his foresight to collect this acerage. Yes totally agree. Yes he founded the company. BUT he is longer a "significant" holder. If he held the company so dear, perhaps he should have hung on to a few more shares! Have said this before, whoever is responsible for the past decisions, its ultimately the CEO/MD who will be cast the hero/vilian for a companies respective success or failures. All IMHO of course.
Cheers, vaga
CTP Price at posting:
62.5¢ Sentiment: None Disclosure: Held
