perhaps form a perma mhc , afraid of being voted out?
synf short term victory , long term we own more mhc for longer durations? maybe not? there are much more mhc these days around , the few fully converted ones get bullied..ala synf....me no like , me make not the rules, remember being a director carrys liability its a not a layup , its personal , thats maybe why a lot of these activistgroups finds others to acually be the director, rarely put them selves in liabilitys , being a director , is high profile with liablities , laying lazily in weeds watching is better for some...joca
oh and good bye synf let the auction begin..time to move on to new bancorps!
A good CEO? Palleeze. . .the company is stuck earning .10/qtr, very little financial info provided in its press releases and the CEO gets a 500K salary? SYNF is not a captive credit union anymore. It is a good franchise that is not realizing its full value. P&L are doing the right thing. They also had a position in PFS but probably don't have the financial muscle to do the same thing there where it is badly needed too.