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Celanese Corporation Message Board

  • johnelbers johnelbers Nov 11, 2012 4:32 PM Flag

    shareholders how do you think Mark is doing?

    I am increasingly concerned with the new CEO's performance, and for that matter the board oversight. After Dave Weidman left (Was asked to leave?) the board put one of there own in the job. A late career guy that has never run a company or division that is as large an complex as Celanese. He spends a year in charge and his big changes are Jeans in the office and fresh fruit ? You would expect sweeping changes in management (Bringing in new fresh and progressive thinking from his contact base) Did not happen. In stead he choses to keep the old CEO's team around and renews their contracts. The same team that was incapable of driving value for us the shareholder. then hires a consultant company to "help" him develop a strategy. Mark what did you not know after sitting on this companies board for over 5 years?. So no cleaning out of old management, consultant to develop a strategy, moving peas around the plate, board that just goes with whatever management wants to do. Disaster in the making. Is Mark capable? Is the board still impartial? It is time for us shareholders to unite and demand change to insure our long term investments and pensions are properly looked after. Look for more info to unite.

    Sentiment: Strong Sell

 
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