I wonder how it may have turned out for Crown if Mr Paul Elliott Singer had not reared his head.
12 replies (most recent on top)
@df they short the stock.
@ft I think that’s their corporate motto.
Elliott profits at the misfortune of others. Period.
@dv And forced in the current CFO who was initially one of the 2 board members Elliot installed.
@df+1khvebfsj they sold there shares after it popped & idk for fact but im pretty sure they have investments intrest in the private equity firms that are aquireing the fiber assets for pennies on the dollar. Elliot just didn't come to point out Crown had a debt problem they came to capitalize on it.
What I don’t understand is how did elite make money. The stock has tanked since their “take over”
I think what happened over past couple of years is worst possible outcome for employees and for Crown in general. The only winners in this game have been Elliot & EQT
Crown had and has a debt problem The ability to raise money to keep the machine going was in jeopardy. Cost cutting was inevitable. Cannonsburg would of been shut down in favor of Houston. The Fiber-Small cell marriage was never going to work there different bussinesses so the stragery would had to change. However I think JB & DS would of figured it out and treated employees better than these last two crown clowns 🤡
Elliott destroys every company they touch. YouTube - The Downfall of Southwest Airlines by Wendoverproductions it is a similar story and goes into great detail about Elliott. It was game over the moment they got involved
Stock be a lot less and there would have been a lot more layoffs
Jay would still be in charge, sitting pretty and talking out of both sides of his head, but he’d sound a lot nicer than Chris H. would, while wearing much tighter pants.
A bunch of people would have lost their job because they didn’t want to move to Houston… followed by a bunch of people losing their job after they moved to Houston…