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Corrections Corporation of America Message Board

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  • wile_e99 wile_e99 Jan 12, 2000 9:02 PM Flag

    WHC price

    You raise good questions.

    I imagine Doc
    has provided himself a nice golden parachute prior to
    this, and has gold plated it with the
    proposal.

    Personally, I would like to see a shareholders' group sue the
    company and Doc to prevent him from taking anything from
    the table, other than the shrunken value of his
    stock. He has, IMO, defrauded the shareholders, and
    through his dihonesty and incompetence, caused this whole
    mess.

    The problem is that the lawyers who represent
    shareholders are vultures, ready to take whatever they can,
    and leave a little for their clients. They would not
    benefit from obtaining an injunction preventing Doc from
    raiding the till on the way out the door, so they
    wouldn't be interested in filing the case.

    Wile E.

 
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