Should Richard Resign?, page-6

First 6 Last

Share
Profile

Follow
Luckyphil1

1,399 Posts.

276

21/03/18

09:50

Post #: 31907350
Share

Originally posted by Ryzie ↑

I really want to find out what shareholders think about whether Richard should retain his position or if he should resign.

My opinion is that if Massie had to resign then so does Richard. I believe the only reason he still has a job is because his son and his girlfriend (not sure if this is confirmed or not) are on the board which is made up of 3 people. That means majority vote would be for him to stay on.

I said about a month ago that he should step down and take an advisory role however I don't believe that is acceptable now either. His reputation from when he was chair at Imagine Un does not paint him in a good light.

The business plan that BIG have is exceptional and really can be something amazing however with someone like Richard as CEO this will never happen.

The announcement yesterday was the last straw for me. Any other company would not waste their time defending someone that is obviously bad for business. I'd be happy for him to retain his stake in the company but he should not be running it. My understanding of business is that the CEO reports to the board however that doesn't seem to be the case here. It seems as though Richard is calling all the shots. There's a good reason why he isn't on the board so he shouldn't be the CEO either.

Let me know what you think. I'm more interested in what share holders think as they own the company but I would also like to know from non-holders whether you would invest in this business model if everything was cleaned up?

Expand

100% he should resign or even better still the Board terminate him.

BIG Price at posting: $2.22 Sentiment: Hold Disclosure: Held
8 Upvote

0 Great analysis

Reply

Top Stories

Week 28 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

Shekel Brainweigh and Calmer Co lead innovations in the retail space

ARN

Aldoro shares jump 47% on news of strong niobium recoveries from Namibia play

RCE

Recce scores US$2M deal from US Department of Defense for burn wound infections gel

I88

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

There are more pages in this discussion • 110 more messages in this thread...

First 6 Last

Add BIG (ASX) to my watchlist

Should Richard Resign?, page-6

Top Stories

Week 28 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

Shekel Brainweigh and Calmer Co lead innovations in the retail space

Aldoro shares jump 47% on news of strong niobium recoveries from Namibia play

Recce scores US$2M deal from US Department of Defense for burn wound infections gel

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Featured News