...We Welcome You To The Resverlogix HUB withIn The AGORACOM COMMUNITY!

Free
Message: Re: Resverlogix Announces Voting Results from the 2023 Meeting of Shareholders

I'm no expert here but have been thru an experience or two.  This voting process is really more geared to vote him in, not out.  

The CEO works at the discretion of the BOD and the BOD therefore can fire the CEO at any time.  

So it would be extremely unlikely this act would ever happen as a result of a public voting process and frankly if it did then shame of the BOD really.  

Rather, if the BOD was dissatisfied enough with the CEO for whatever reason, and whenever, they would just fire the CEO at that time and not wait for an annual voting process to occur.

If the BOD did wait for the annual voting process and use their united votes against, well that would be an embarrassment quite frankly and I know all of you are thinking this whole story already is an embarrassment.  That I will not defend!  

The fact that the BOD has not done so yet in "the case of BOD vs Don" tells me in fact that they are aligned enough to be happy with where we are at currently until we either see evidence to the contrary or some real progress.  

So bottom line in the meantime is that the jury is still out.

10BagR

Share
New Message
Please login to post a reply