How is he still in charge? If the board wants to instill confidence in the public markets, shouldn't they have a new leader in charge?
I can assure you that no one at the company is motivated to "turn things around" while the same speaker system is being broadcasted.
The companies stock has cratered while Chip and his team have collected millions of dollars on the backs of its employees its laying off.
If the company and its investors want to see real change..sell the business or replace Chip.