Someone mentioned on this board that Kanas put a middle management guy in charge when the prior president of GPM left and I didn't think it was a bad decision. I think his name is Steve Abreu. How wrong I was. I was told that Mr Abreu sent an e-mail company wide mentioning how things are looking up in the mortgage business and better times lay ahead etc. This was sent out 1/2 hour before the conference call announcing the layoff of 200 or so GP Mortgage employees. How fu***** stupid is this guy or is it just me missing something. One of the guys laid off was so excited when he read the e-mail because he thought the conference call was to announce layoffs but how could it be after that e-mail. How wrong he was.