Is disregarding a potential personal conflict of interest of the CEO in the best interests of Cenveo?
I would like to believe that we have the best qualified and most capable individuals in all positions. This especially holds true for top wage earners in the Corporate Headquarters who are responsible for managing significant funds and making critical decisions.
Would it be reasonable to say a Shareholder or Wall Street Person might think that Robert Burton Sr. may have a potential personal conflicts of interest by employing all of his sons at the corporate level?
Would it also be reasonable for a Shareholder to think a Father that has three Siblings working directly for or with him might experience a difficulty maintaining objectivity on all occasions?
I, a Shareholder by choice and Employee, consider nepotism a Red Flag for a plausible personal conflict of interest.
It would be great if Mr Burton and his three sons were capable, but they are a joke. All four should resign. They have taken our stock from $24.00 to $2.22 in a bull market. Any good company has increased in value by more than double digit. The only ones getting rich are the Burton's. The real question is "how are Board allows this to go on"