Make that $25 million. A fiduciary looks at this situation like a housewife sees a cockroach. If there is one, there are many more. So they sell, and sell, and sell every day while Massoud's privacy remains protected.
Why should we give him a break? To protect his privacy, shareholders have lost $80 million+ in value. Why should we pay to protect his privacy? If it doesn't involve CODI, then give the details that would prove that fact and calm investor fears.
Already annouced: Joe Massoud, its Chief Executive Officer, has requested, and the Board has approved, a leave of absence to focus his attention on an informal regulatory inquiry that Mr. Massoud has received on matters unrelated to CODI
Unlikely to get much more. They state it is unrelated to CODI and to protect his privacy it's unlikely they will go into details aside from timetable for return etc.