biota chairman john grant should go and go now

Here's an extract from an article I missed at the time. (Lest we forget)

Biotech Daily
December 18, 2008
The Year In Review

Biota chairman John Grant should go and go now

"Yesterday, Biota’s share price jumped 11.4 percent on the news that director Barbara
Gibson had resigned two weeks early. One can only wonder how high the share price will
go when chairman John Grant finally understands the meaning of “taking responsibility”
for the board’s inept handling of the Glaxosmithkline case.
Asked to take responsibility for refusing a $75 million offer and then being forced to accept
$20 million, he simply refused to understand that shareholders at the meeting wanted his
resignation. He said the idea was bizarre. That both Biotech Daily’s editor and Bioshares’
editor David Blake are Biota shareholders calling for his resignation didn’t seem to
compute. He should go and go now.
Biota’s board has put the issue of director’s competence and the proper composition of a
company’s board in the spotlight."

"Despite problems at the board level, Biotech Daily believes both Biota and Genetic
Technologies can be great companies. They will take very different remedies, but it is fair
to say the shareholders who wield power are to blame for the problems downstream."

http://www.biotechdaily.com.au/media/editorials/Year%20In%20Review%202008.pdf