Imation results drenched in red as exiting consumer biz cuts deep Global data storage company Imation is on the accountant's operating table and diseased flesh is being slowly cut away. Its third quarter results are dominated by red ink, with a $152m loss, 148 per cent worse (yes, worse) than a year ago. Revenues for the quarter were $129.2m, 26.2 per cent less than the year-ago quarter’s $ …
> in addition to aligning the incentives of the company’s management team with those of our shareholders
Seems to be a case where liquidating everything and returning what's left to the shareholders is in the shareholder's best interest. The only way I could see this aligning with management's interest is by giving them shares or money to go away but that wouldn't make existing shareholders very happy.
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