Some 18 months ago a preception developed that VCR's CEO was:....

Some 18 months ago a preception developed that VCR's CEO was:

. on a ridiculously high remuneration package
. exploited all senior exec. priviledges [pointy end et.al]
. as spokeperson for the company he publicly and verbally blamed the cardiac community around the world that they were at fault for the slower than expected implant rate of the Ventrassist

To cap it off the same CEO sold a large parcel of VCR shares some 6 months ago when he must have foreseen today's outcome.

The Board has had all this time to distance the company from this individual and yet they chose to do nothing and so the perception gained momentum and a currency that pre-determined a CR dependent on existing shareholders was never going to succeed.

Great science, deplorable management and oversight