'More brave words, but it would be extremely challenging to persuade an MBO team that wants to be independent to remain with the company.
The Valad board effectively has a gun to its head. It has to restart talks to sell Valad Europe to its management and take the ?26m on offer.'
What a lot of rot.
The current CEO should be terminated for cause immediately and the EU management team should be brought in line or replaced.
Who is trying to persuade the MBO team to stay with the company? When executives are no longer acting in the interests of shareholders it is past time for them to go.
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