John Gay MUST be sacked over his insider trading in GNS shares. No one will buy the lame excuse that Gay did not know how GNS was travelling when he unloaded his shares at 90c+. GNS cannot afford to have a chairman displaying such dispicable ethics in its current state fo disarray. Come June they most likely have to negotiate with the banks regarding breach of the loan covenances and you don't want a person of dubious ethics facing the banks.
Sack him and do not pay him a golden hand shake. He does not deserve it. No ethics no performance --- no job
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