To the Victor Belong the Spoils......
<quote>De Perio, having engineered all this, thanked his victims the departing board members for their service: "On behalf of the Board and all our shareholders, I want to express our deep gratitude to Mark, Bill and Tony for their dedication and significant contributions to Imation over the years. Together with Barry as interim President, we look forward to continuing to take the necessary steps to position the Company for long-term profitable growth, and we wish Mark, Bill and Tony all the best in their future endeavors.”</quote>
I guess it didn't matter much since the departing board members had been aware that their departure was in the cards.
I recall a recent 'orchestrated' (by my employer) exit of a manglement team that had run newly purchased company into the ground; and were expecting the new owners (my employer) to allow them to continue to destroy shareholder value.
They apparently were not aware that the 'sale transaction' didn't include the underlying corporate entity that was their employer; consequently allowing us the opportunity to pick and choose which employees to 'bring over'. Guess who didn't make the list??
The expressions of shock and dismay on their faces as they were ungraciously """kicked in the ass""" by our CEO are PRICELESS.