Hard to watch
This is what happens when there is a shareholder proxy fight and the shareholders haven't researched who they are letting infiltrate the board. The board member behind the proxy fight/temporary CEO is a liquidator, not a CEO who wants to grow any business. Yesterday he told all the loyal employees when giving 60 day WARN notice that you can't get water from a stone, hence, no severance, yet he is diverting millions of dollars cash from Imation to himself and to his separate company. He has undone in a couple months important business relationships that took 20 years for the company to build. Truly sad to watch a good company get dismantled with so little planning and thought.
Biting the hand that feeds IT
