PLS 2.96% $4.18 pilbara minerals limited

The CEO (Ken) and “management” have copped it from all...

  1. 59 Posts.
    The CEO (Ken) and “management” have copped it from all directions over the past few days – seemingly responsible for delayed announcements of BOAs and DFSs, not resolving MIN litigation, the share price (never mind the shorting), and anything else that is not meeting expectations of some share holders.

    Is it not true that the CEO is an employee of the shareholders (owners of the company), and answerable to the Board who are appointed by the (major) shareholders to represent their interests? It is possible for the CEO to be doing most things right, but the Board may be making him look bad in the eyes of share holders.

    Who knows - could the long-awaited documents and actions already be completed at CEO level, and presented to the Board, only to be held up by the Board?

    I have seen hardly any discussion of the activities or performance of the Board in this forum.
 
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