How much longer should the shareholders put up with this? When is the Board going to be held liable? It was only 3 months ago that the Company provided earnings guidance for the year and now they are suspending guidance?
The EVP Merchandising was never qualified and the results bear out the lack of experience.
The CEO....Jeff Noodle should be be ashamed of himself for hiring this guy. This is a reflection on Noodle. He has to live with his decision.
AGREE... look at my post 6 months ago- totally called this (though happened faster than I though). Scarey that is identical to Fleming-poor acquisition with no plan, horrible culture, no vendor support, Wal-mart exec with no leadership, people skils and innovation, poor casting of key leaders, no strategy and plan with any detail, firing of old guard irrespective of performance. Going to get worse before better regretfully... The PE's are sniffing the carcass...