Nothing in Scotts appointment indicates he had the skill set for corporate transactions.
He certainly has the skill set to take one look under the bonnet and say “don’t waste any more money on this dog asset”.
He should have been terminated and paid his fee if a CR did not go ahead as per his terms. Instead he was kept on at an operating asset MD salary.
The company has been, and will continue to farm out all of its duties to third parties.
All at great cost to shareholders.
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