There are many really good candidates with big and small company experience, with track records of real success in turnarounds, growth generation, and product innovation, some of which are local to LTRX. That's been true for years. The problem is NOT that there are no good candidates. The problem is that this company doesn't know one when they see one. You can lay that one directly at the feet of BB. He has made uniformly bad choices three times in a row now. He has a "yes man" BoD, so you can bet he'll make the next choice. This horse is zero for three. Place your bets. And remember, hope is NOT a strategy.
Digi had more cash when he got there than when he left. It was always a cash generator due to a strong legacy business. The small profit that make now is lots less than they did in the past. All the things you say did NONTHING for shareholder value. If that's what you want, Dunsmore will be glad to take $500,000 a year to give it to you.
If you knew the truth about Joe Dunsmore, you would never have said that. If you love flat stock prices look at Digi's during his tenure there, Flatline at $10 the whole time, while he took down millions in comp. Exactly the kind of guy you complain about. Where do you come up with this stuff?
Why are you excited? The company is on life support. It's track record in hiring CEOs is terrible. It will be at least another year or two before a CEO can make any difference. It has zero momentum. It's legacy business is in secular decline. It's new product strategy has been a failure. What exactly are you excited about?
Another waste of resources. That's just about $2 billion in stock repurchases over the past several years to end up with a company worth $1 billion. Bozo BoD.
Doing the same thing and expecting a different outcome is a sign of insanity. Jerry lied about the success of AMD, and lost BB's trust. Kurt is out of ideas. Maybe he never had any to begin with. Everything we've seen could have been in progress when he got there. Same with Jerry, He could have arrive dat just the right time. No matter. This LTRX management team is unlikely to be successful. Allowing it to remain simply assures decline. BB's decision to replace Jerry wasn't a mistake. Who he replaced him WITH was. Same with the BoD. The old one had to go, but he replaced them with a batch of no ops and failures who can't help him, especially since he lives half a world away.
The larger issue here is the damage Rampali did. Like McCluney at ELX, he decimated the team that made the company what it was. Every company has a few really key folks that the CEO relies on. HK had a great team, although many were behind the scenes. They were the reason the place was called "the execution machine". Most are either gone or given a "window seat". Further, there is no HK to guide the company though this transition. And the company's track record for picking CEO's isn't that good. Dark days ahead.
.."they need to figure out how to turn it around and quick"....why? The majority owner seems satisfied. He's allowed this to go on for some 5 years, and has made no changes. He hasn't been selling. Who knows why he's acting this way, but he is.