Wait, aren't the BOD supposed to be the money managers? Hiring another person(s) to manage the money would be like ( exactly like ) paying two people to do the job of one person.
No! Wait again... please.... hiring two people to do the job of one person would be like buying a company for several million ( from a friend's friend ) that you sell in a few years ( to a friend's friend ) for a dollar, just to get it off the books.
I guess your idea of the BOD hiring a money manager would be a good idea because we might pay twice, but there would have been money in the bank. But would they have voted to pay dividends? Well, would they? I sure hope they do this time around. I believe that is the plan.