The latest letter is very powerful and addresses issues that are important to the development of the enterprise. It appears they are willing to invest more money on a direct basis supporting their point of view.
It appears the answer is due from the Board. Interesting. There are not many executives that have the background to do this job but it sounds like they have found one or there is just a lot of warm air being blown around and that does not appear to be the case. For what motive ?
A wordy letter for sure but still lacks substance. If there are some out there that the group thinks can run this company better, they would have to be in positions of power and not on the market. Now ask yourself this, what would we pay for such talent? would it be someone not working today? If so why are they not working? Are we as share holders prepared to change at this point in the KS strategy? If the group wants to keep the strategy and likes what they see, then why a change in the one who put it together? Letter is a coulda or if letter. I just don't think the Group could add value. Now maybe they sent out their letter early because if earnings fall short they have started a conversation. We will know in a couple of weeks. However if the earnings come out and beat the street as they should, this Group will fade away.
Clinton stepped up the pressure this morning, making actual recommendations to the board. Supposedly another large group agrees with them and called for an emergency meeting that must take place within 90 days.