How long have you really watched from the sidelines? Over four years for me following the path for approval, financing, partnership development, FDA procedures, budget issues, bogus lawsuits, and more. Jack has done a great job along the way........not once have you heard the board asking for his head. One cool operator, making sound business decisions. If you didn't trust a CEO, I would sell and get out........you could have gotten Bernie Madoff. Quit complaining about things out of your circle of influence.......#$%$.
I wonder if those who question Jack's motivation and actions have ever worked directly with a CEO. Running an organization from the top level is complex and very time consuming.
there are pressures and responsibilities coming at them from more angles than most of us could imagine.
organizations are ever changing/evolving, and if he/she does not keep up things can spiral out of control quickly. think: human resources, payroll, taxes, public relations, hiring/firing/promoting, Government regulations, Interntional regulations, the list goes on and on. There's more to ARNA than just drug development and the DEA. How can one person be expert at all of them? Impossible.
If Jack were to spend as much time as the VVUS execs do on their pump, I would seriously question him. Instead, he seems to take the low key public approach.
Organize/Execute the plan, is all I want from Jack.
You're wrong about Jack. He's a tremendous CEO. What he and Dominic have done is outstanding: started a GPCR company under the noses of BP all of which had GPCR programs prior to Arena's existence and bring it to fruition.
Don't be ridiculous! A successful CEO never runs multi-billion company through the media. The SEC has laws forbidding the behaviour you are suggesting. Jack can't do anything about the DEA anyways.
Sentiment: Strong Buy
I do disagree with you on that one chance. What exactly is he supposed to do. Fly to Washington and bribe someone at the DEA? Other than that, I do not know what you want him to do. Issue a PR stating that all is well and they are just waiting for final approval from the DEA. Duh, aren't we all. Jack has no influence over the DEA, maybe president bobo can do something, but he is too busy fughingh up our country.