I hear a lot of Tommy bashing, but he got the maximum pay out for the company. $61.50 is way about the value of the company. If the deal doesn't go through the price falls back to the $30s. It shows he's getting a lot for a company that keeps missing earnings.
Lots of industry trends affecting retail that's out of his control
Tommy hasn't pulled it off yet snowflake - in fact price dropped considerably since first announced and will again and if BP backs - hmmmmm. Not good
Just untrue gossip again. . do you have a owner you are referring to. I am sure there is one or two owners out of thousands. . I do not think most stockholder supported hiring tommy Milner because they thought he would sell the company.
He hasn't done "his job" yet...
Not sold yet
Owners wanted company sold for max dollar. Tommy delivered. Like him or not he did his job.
Well stated. True leads hip is measured on challenges and rough seas
The original post had to be sarcasm.....no one in Sidney likes this guy. Leadership was easy when the waters were calm and all we had to do was open the doors of a new store and people gladly gave us their hard earned money, but a few waves and some rough water shows how little leadership TM and his band of shameless yes men have, or do not have.
He hasn't done "his job" yet. The "merger" is not yet completed, and is about as uncertain now as it ever has been.
I want to comment on the original post - why does a CEO get paid the big bucks - why - let's see, leadership, vision, ensuring that the company is projecting out beyond challenges - ensuring profitability - so why the "poor Tommy" - you mean to tell me that he was blind sided? Really - there were two sides to the election and it has been in the making for several years - Plan A and Plan B and what does the company have to do to tackle both - economy, sales, internet challenges - this is all a part of a cEO's duty to be prepared and respond such that profitability and resources are in place to prevent negative sales and profits. So where was he? Where was his team of brilliant bog box stars - was he at Best Buy or dog shows or simply planning on his haul once this was all gone? He is fully responsible and contract or not, should be out. This is absolutely highway robbery - and his excuse this last quarter - gee, Gander Mountain affected our sales - really - and what are you getting paid to do - make excuses. Poor, poor Tommy. In over his head and everyone has to pay an incredible price.
Tommy did his job - wow - running the company in the ground and initially selling for an overinflated price - let's see how that turns out. The boat is not even in the water Tommy. Nice job too bad you couldn't have pulled the wool just a bit longer
You are absolutely correct. It would be a death warrant if they bought at current agreed upon price. It would bankrupt Johnny. They are saved by the regulators on this one. I think it has to come down a lot
Two things:
1) I researched TM's history the day I heard he was to be our CEO. I knew this was coming. He was put on this planet to destroy companies, because he doesn't know how to improve them. True, his only customer is the shareholder.
2) We will see how successful he really is. I also predict the Bass Pro Offer will drop. I would assume that the shareholders will get another vote. They voted for $61.50 and nothing less. I really don't think this company will go to JM for $61.50 per share.
And where is the real value if not over inflated by bass pro? How many consecutive quarters missing with a high rate of deceleration some hero
He is not being sarcastic - he is simply an investor interested only in returns short term. He has no skin in the game beyond funds and to him, who cares how Tommy got value, which we know internally by killing a company, killing a very highly regarded brand and designating countless lives - sustainability is of no interest, it is now, not tomorrow. We could write on and on about all of the ridiculous decisions that Tommy and his crew made. He built wealth for this individual by leterly killing a company. If that is success, then we are in a said state where people like Tommy are exhausted as heros within a very small, self serving circle of short term investors who will ruin to prosper.
Lots of things out of his control !?!?!? He is the CEO...How about the decision to continue building retail stores when retail was suffering a slow painful death! How about the lack of innovation with product design/development and/or selection. Holding onto the catalog thought process and a crappy website! I'm hoping you were being sarcastic with that comment.