This is id--tic and reads like a ransom note. This company was poorly managed with terrible leadership, no vision, and senior leaders more focused on politics. Nepotism ruled with family members of senior leaders bringing in and protecting their daughters, in laws, nephews and nieces, and sons. At last, these fools have been exposed and run out of the company. As a result of 15 years of mismanagement and failure to integrate acquistions resulted in the need to cut headcount substantially. If not, junk bond status would have led to bankruptcy in my view Or, an acquirer or private equity firm would have come in and slashed the headcount. At least now, and I’m a former employee, the stock price has responded favorably and company in position to be sold or operate in an economically justifiable manner.
The unnecessary channel conflict of GIS and all other distribution channels competing against each other is finally being rectified. Too many good looking in suit do nothings let current situation get where it is.
For my former colleagues, I’m hopeful the company is lean and valuable and is sold for as close to the $55 per share Icahn said he could unlock by operating it(or $40 if sold last year).
Once sold, it will likely create some stability and a new more productive political culture may develop in my humble opinion.