Of course Lev, your crafted first sentence supporting the CEO as usual, but it misrepresents the “goal” of the CEO (you probably meant to say role) presumably as a distraction from MH’s degree of responsibility for the decade low SP and decimated shareholder wealth.
In particular your use of “not prop up the SP” when no-one here has suggested that to falsely “prop-up” the SP is a goal or role of MH. Surely you were not genuinely implying the SP should be of no concern to the CEO and that MH has no responsibility at all for it and can do nothing. There is no authority to back you up.
What then was the purpose of the post? Who knows how you repeatedly get away with this type of distortion to state a partially true fact and weave it in a loyalist defence of or support for all things MH and the incumbent Board.
Not only does the market disagree with you, and the deceased guru Peter Drucker disagree would with you but almost CEOs generally disagree with you. It would be in the best interest of all shareholders and the SP if MH and the CDY Board were not frequently uplifted and misguided by this nonsense that they have no responsibility or accountability at any time for the SP.
Domino’s Pizza CEO Don Meij disagrees with you. He believes the CEO should manage investor expectations “...getting the market to make an informed judgement.”
Rohn Bechler, the MD of Market Eye, an investor relations firm, disagrees with you: “ We always say it’s not the CEO’s job to spruik but to educate. It’s about getting fair value for the share price.” (through information and managing market expectations).
Without meaning to be disrespectful, your recent protestations that the SP is way under fair value and, contrary to your view, as the consensus is that the CEO does have a role to play in shareholder ROI, including SP, perhaps it’s time you reconsidered your position on this in the wider interest of stakeholders, not just for MH and the Board.
CDY Price at posting:
31.5¢ Sentiment: Hold Disclosure: Held