This delay really doesn’t concern me- in fact I would prefer them to take as much time as need to get it right. I believe there is so much in line this time around – not only the future existence of this company but also the reputation (if still any left) and future career of the board member. I believe that if the board did not get it right I don’t think they can just resign and off the hook. There will be quite a lot of questions for them to answer and I believe that class action is possible and justifiable.
If my memory serves me correctly I have recently read somewhere in bluebird that one of the ex-director was positing in this very forum while still a board member of AHZ and CEO was made aware of it. Also, there seems to be question (even evidence??) re insider trading. If true, these will not be a very positive looks for the board members.
In my view WP doesn’t seem to be as strong a leader as he looks from outside. He got many things wrong here. Having said that he seems to be reasonable person with some positive attributes and therefore I believe he will do whatever it takes to make it right this time around. This may be his last and only chance left to shine and hence I am not surprise he is taking time and is not rushing, which in my view is a positive sign..
Anyway, this is just my rambling/ hoping. Please DYOR.
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