If anyone who attended the annual stockholders meeting heard from Ron Marshall as to what happened to his more or less promised 2/3/40,(2 years to achieve $3.00 earnings per share and stock price at $40.00), please share the story with us. We have all been waiting to have a report on achieving that pronouncement. Since most of the old management was shown the door, the way was cleared for the new group to get the job done. Surely such a pointed pronouncement would be addressed.
My understanding is that he was out of his league from the beginning. It would have been too embarrassing to Ron to fire his own hire until a year's time passed. Don't you think a CEO should only be allowed a certain number of senior level firings before he himself is given the boot?