michelmore must close century and avebury, page-9

Cona, I do not want to compete for the Biggest Loser, but I am down over $3 mill (on paper) and what I want to see is a culling of the Board members and admin staff. We inherited the largest board after the merger and there must be doubling up of staff - but we have never heard a word about reductions. As soon as we see a company with a bad quarter, or half year, they immediately announce a cut in staff. Yahoo have just announced a 10% cut etc, etc. M.