O'Connor fired as CEO of GTECH after only 5 weeks on SWK BOD. Reason was dissatisfaction with his performance by GTECH board.
What does this tell us?
1. JT has a knack for picking losers. 2. SWK board comprised of former execs and professors with little current direct involvement in manufacturing businesses. 3. The GTECH board has more courage than SWK board in dealing with poor performance. 4. The SWK board of directors has a collection of individuals whose primary interest is in collecting their fees and in perpetuating the tenure of JT.