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CHF - MSB's Dark Horse with Multi-billion dollar potential, page-139

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Sorepocket

4,959 Posts.

782

06/10/21

20:30

Post #: 56614946
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Originally posted by madamswer: ↑

"I’ve never heard that rule number one before. What, the owner sells the company when management does not perform? Normally the management goes don’t they? Not the company owners?"

It's a most extraordinary basis on which to be a business owner.

Imagine you owned a restaurant and the person, that had been employed to manage your restaurant on your behalf, was not doing his/her job to the agreed/required standard.

According to the poster to whom you are responding, your response should be advertise your restaurant for sale.

Or, by way of a further example, if the person running the Bunnings hardware chain was found to be inccompetent, then Wesfarmers (Bunnings' owner) would not sack the Bunnings CEO, instead they would call for bidders for Bunning, or de-merge the business.

Truly bizarre interpretation of the business owner-manager compact.

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.

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I know, right.

Terrible management, oh, owners sell out. Really? No wonder these devotees have lost a fortune.

Not sure what rule book that old bird is reading. Maybe one published by a certain spec bio CEO?

MSB Price at posting: $1.52 Sentiment: None Disclosure: Not Held
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