BIT isn't the only one, as there are some around on the ASX but in my opinion, I haven't seen any that have prospered from these extended CEO or Chairman tenures ? In my opinion CEO's should be replaced every 5 - 7 years but retail holders hardly get a say in that - it is the substantial holders that should be applying the pressure to the Board or through an EGM if they believe a change is needed.
For example; Starpharma is an ASX listed company and they kept their CEO for 18 years and then had her as a consultant for a further 6 months after she left in Jan 2024 - she was at the helm as the company went from a billion dollar market cap to today's dismal MC of circa $37 million or 9 cps. SPL were booted from the ASX300 and subsequently the All Ords as well so a real disaster for LT holders
GLTAH
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Last
0.2¢ |
Change
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Mkt cap ! $2.654M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 59 | 40450562 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 17976809 | 23 |
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