ALU was traded $20--$30 for long-time. Even 2008 still traded ~$8. Ben Verwaayen drived ALU to today's level!!!
Look at ALU 5--10 year chart, specially on 2008--2013. After Ben Verwaayen take CEO position where ALU stock price goes??? Beside Ben Verwaayen is one of most expensive CEO on the wall street ($1.25M + $1.05M compensation)!!!!
Tell me this is a good news or a bad news??? I like the board decision, it is the time Ben Verwaayen step down. ALU shareholders will have a good dream.
YOU ARE DUMB!
BEN is a British! He values his words! Furthermore, he has a reputation as a savior of British Telecom!
Ben is not guilty for ALU's problems and that ALU has expensive UNIONS! The union is the problem not Ben.
Now, what the Board wants is asking Ben to file Bankruptcy. Ben believes in his work and does not want to do it! That is the reason why Ben is out! The new guy will file Bankruptcy in 3 months!
Same as NORTEL did, brought new CEO only 6 months before it filed for Bankruptcy!
I am not a British, no Francais. I don't know British has such reputation!!!
Nortel is a Canadian company, not a french company. Don't mix apple with orange. I am not against Ben. But he did not do good job with the time ALU give to him. 5 years he made shareholders loosed their Pants. Hold 5,000 shares of ALU with price range: $6, $4, $3, $2 and $1. My average price is $3.25!!!
Right now ALU has enough money for next 2 years at least. With its 2,900 patents I believe this stock should back to $10 level within 12-18 months.