Finding Nemos, page-76

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Teddyward

5,445 Posts.

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06/08/18

11:39

Post #: 34744095
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Originally posted by Jrdbull ↑

Tizard your football analogy is deeply flawed.

If you preside over decisions that result in assets being acquired at massively over inflated prices and then sold of within 18 months for 75% less, investor money being squandered, releasing misleading announcements to market and not being transparent in your disclosure requirements then you need to be held to account.

If you pay someone $750k pa then you expect them to make the right decisions that are going to support the business and the interests of shareholders. If they don’t deliver, then as callous as it sounds, they don’t deserve to keep their position. Mr Ottaviano has been in that role (from memory) for roughly 11 years. What have CCE received for that $8.3M investment?

Paying $14M for EMC was a dreadful decision and as the CEO, the responsibility for that decision rests firmly on Mr Ottaviano’s shoulders.

There are rules in place for market governance. If those rules aren’t adhered to, investor rights cease and confidence is eroded. Not adhering to those rules of disclosure is ILLEGAL Tizard. Are you suggesting that we should accept this behaviour?

I can list countless examples where information that should be standard practice for CCE to release, yet they don’t.

Transparency is one of the cornerstone values of the market. To suggest that other companies dont do it therefore it’s fine is foolhardy.

It is simply not acceptable for any company at any end of the spectrum to withhold information or mislead shareholders.

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Don't forget with so many other "occupations" and responsibilities elsewhere the wage is only for part time? Add up the others and the time they absorb and .......

CCE Price at posting: 2.1¢ Sentiment: None Disclosure: Not Held
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Finding Nemos, page-76

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