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YRC Worldwide Inc. Message Board

  • felix1k felix1k Dec 21, 2010 12:48 PM Flag

    Zollars as CEO not acting or supporting stock holders

    His inaction calls for Dec 31st ousting as his contract ends. Even this opportunity to communicate to investor community how solid the company is after the lawsuit is being wasted.

    The sooner he leaves , the better offthe company is. A zombie would handle this win in court better than the companies PR dept and Zollars combined.

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    • It's his duty to keep the company from failing, not to ensure that people who bought stock get their money back. Perhaps you don't understand how bad the financials are for this company.

      • 1 Reply to davefaulds
      • I beleive he is doing everything he can do to keep the stock from failing, renegotiate with unions, he has banks sitting still not even collecting interest, froze pension, selling assets to maintain cash flow, increase sales, defeating lawsuit.

        Having said that he made some poor decisions, like his investment in China when the company was running out of cash etc. but I think the initial poster thinks Zollars should make a press statement or something to prop up the stock - that would be stupid and legally improper. He can only do one more thing to keep the stock from going down and that is to announce he has a way to recapitalize with minimal dilution <60% I think would be long-term good news

    • Exactly what is it you expect him to do about the stock price?

 
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