Mr Boyle, your firm's financial reporting is apalling and it may be illegal, in my opinion. The earnings release that you provide to the public contains no disclosures on important items like the dollar amount of the software charge, the losses on parking contracts, and the doubtful accounts charge. Yet, you provide this informatio nto specific individuals so that they can provide it to their clients. I think this is very unfair, at a minimum, and could be in violation of securities laws, in my opinion, but I am not an attorney and may be entirely wrong.
Also, as a shareholder, I would like to express my view that this company needs some fresh blood in top management. Given your lack of success with Johnson, may I suggest that you sell this company in two pieces to maximize shareholder value? The intrinsic value of your two businesses far exceeds the public value at which CUB currently trades. Why not do yourself, as a shareholder, and other shareholders a favor by getting the value of this company maximized and then live happily ever after in your retirement?