RE: Resignation from the Board of Directors of The Williams Companies, Inc.
Dear Board Members:
This letter confirms my resignation from the Board of Directors of The Williams Companies, Inc. which was effective yesterday.
I have resigned because I can no longer in good conscience serve on a Board where a majority of that Board was unwilling to make a change that I felt was critical to the future direction of the Company— replacing Alan Armstrong as CEO. At our Board meeting yesterday, there was discussion of the substantial business and operational failures that have occurred over the last five years on Alan’s watch as CEO, many of which I, Eric Mandelblatt or other directors have often raised in the past. I did not hear a credible defense of Mr. Armstrong’s track record of business performance. As Williams now charts its future at this crucial juncture, I feel that those failures compelled a change for the good of our shareholders
FOR FIVE YEARS, HOW ABOUT TALKING TO SOMEBODY THAT KNOWS SOMETHING, LIKE THE TERMINATED WORKERS, EVERYONE ON THE BOARD IS AT FAULT, MAYBE YOU SHOULD OF HAVE WATCHED UNDERCOVER BOSS, TO SEE WHAT IS REALLY HAPPENING,