Since I know who Mo is, I have checked some newspaper obits and even Googled his name, and nothing showing up. Hope he is O.K.
She is no longer with the company. Look at CMC website under management, and there is a new general counsel, corporate secty listed.
Don't let the door hit you on the way out, Jimmy Boy! Good riddance, and one of the best things to happen at CMC since BL's departure. JA was the evil empire personified.
A high powered NY securities law firm is investigating whether to bring a class action against CMC board of directors over dilution of shareholders' stock value per Business Wire. This may get big if it grows wings.
Will be interesting as to how CMC's Directors & Officers Liability insurance responds once this gets rolling.
The main point was that CFO didn't even know this direct report or what he did for CMC, and this was months after she replaced Larson. Most people learn something about their direct reports, at least what their job might be.
A fairly long term employee (very long term by today's standards), a dept. head, decided he had had all the fun he could stand at CMC and went into CFO's office (he was a direct report) , and advised that he was resigning. She replied "and what do you do?" After he explained his job function, she said "O.K." and never asked why he was leaving or made any attempt to convince him to remain.
This action epitomizes what is wrong with CMC today. Vehicles in the fleet are valued more highly than employees.
The house cleaning must start with the Board. They are the ones who torpedoed a great company. They also brought in incompetent management. A class action shareholders' suit is needed.
CMC stock was not an instrument of speculation. Primarily received as options & bonuses, plus what was once (but no longer), an attractive stock purchase plan. The CMC stock was an investment in the future, and prior to current management, it was never speculative.
Hey, Newbie, I've watched my stock fall from $39 to $10 - $11 in just four short years. The current management that you're kissing up to and the inept Board of Directors are solely to blame. Maybe you're the one who should shut up until you grow up.
The only thought that comes to mind is "infantile". If this is an example of what CMC has become, we all need to sell our stock.
Far from the only one to screw up at CMC (if in fact, he did, which most doubt). How about the Dallas Trading screw ups? BR? MK? Rants about DT becoming flagship of CMC and how the Seligs noses would be rubbed in it? Never happened. They were too busy packing their own saddlebags to make it the flagship of CMC.
Good for Russ. Hope it is a good fit for both sides. Russ is a not only a super nice guy, but he has a lot to offer a top notch company.
One cannot follow their conscience when there is absolutely no conscience. Sudbury had nothing to do with what went on with Donna's husband, and Mr. Rinn despised him.
He sued for wrongful termination. He was fired as safety dir. of steel grp after he admitted under oath that he had fed crucial confidential information to the other side in a truck fatality accident which cost CMC's insurance company a record liability settlement. Clyde Selig insisted on settlement to end further embarrassment to Marvin Rinn's widow. Great miscarriage of justice.
to get this stock out of the doldrums. It slips a little further every days. Investors have zero confidence in CMC or expect a turnaround any time soon. Entire market has been down, but even on up days, CMC keeps sliding downward.
What's it going to take?