Board asleep on a cultural problem with cost control?
The stories I have heard about this week's blow out in Kauai complete with the Nuance Chairman's Club of ~350 employees and ~350 guests being treated to everything from a week-long open bar to Maui Jim sunglasses for all, to a private concert by Kelly Clarkson makes me wonder who is watching expense control as the revenue outlook declines as discussed during last week's earnings call. Can management be trusted to trim costs? Is the Board in tune to this? Somebody get on it.....and quicker than they have thus far--based on the reports filtering back from Kauai.