A wussy CEO would have preferred to spin the situation positive and give false hopes to his/ her investors. She is just saying that she is piloting this rusty old aircraft carrier through some rough waters and it is going to take a few years to turn it around. Folks, she is just being honest! It is just that some investors can't handle the truth.
You kidding....sounds more like an excuse maker, passing the buck to others. Who knows?...?. You know, the type who takes credit for everything deserved or not, and on the other hand, blaming some other scapegoat for issues, deserved or not. Any CEO could've blamed the past, but the 'Man' owned up and took it all.
Total #$%$. She just took the opportunity to fortify her position as CEO for the foreseeable future by setting low expectations, blaming the mess on her predecessors and asking for a long time for even to re#$%$ and judge her impacts.