I can't see why anyone would be happy to hear that PL was still...

I can't see why anyone would be happy to hear that PL was still involved in this mess. He was the one with the duty to inform shareholders of all the (strongly) negative surprises we've been finding out recently. If past behaviour is anything to go by then he will continue to "under-inform" us, to put it generously.

The fact he is a corporate lawyer didn't seem to help when over half of "our" (sic) resources were up for grabs in the Concourt.

IMO, faith in this man is mis-placed.