Attempting to hold on by offering tidbits (16 mil buyback- to cover their own option/ grant dilution?). Shareholders might be interested in retaining these bozos if they would reduce their Board fees and lower their option grants- but they won't. Time to move on- your passed record is what matters, not the rehab your attempting,
The degree of damage this BOD has created, not only with its shareholders, analysts and clients is such that the entire Board must be replaced. Placing cronies onto the Board is smoke. When they finally realized that their abysmal performance was finally being scrutinized, they turned cheek and we know the rest. They weren't the catalyst for recent improved outcomes and there are still plenty more issues to solve. If Starboard did not get involved, the Board would have continued with their dictatorial behavior and there would have been no price appreciation of the shares. They crossed the line and they must go- all of them!
I couldn't disagree with you more. The Board/ Management has been effective at alienating analysts, shareholders, clients- even Board members. They squandered capital with faulty analysis of DOC market and how to approach it. Yet, they never failed to reward themselves for their miserable performance with excessive compensation and stock awards (obviously not rewards). The missteps are so glaring and thoughtless that the "house" must be cleaned. They had their chance to conduct themselves professionally and for the benefit of the shareholders- they chose not to and now must face the consequences of their behavior. In excusable!