slickone987
May 10, 2009, 09:35 AM
I recently posted a thread on a public companies financial board website regarding a very large loss that they incurred on a very profitable division that they bought a few years ago and drove into the ground through inexperienced and uneducated management that they put in place.
I had very good inside information on what happened there and as an investor, I asked what they were doing to correct the situation to ensure me, the investor, that it would not happen again for they have purchased other highly-profitable companies recently that could go the same way.
All they kept trying to do was badger me on who I was and why I was asking these questions, which I did answer. Most of the posters on the board I believe were inside employees who did nothing but bad mouth me.
I believe I knew who the individual was and I gather he did not like being called on the carpet. He has a high profile in the news and is not hard to pick out with the way he talks. All people and businesses make mistakes over the years, but at least own up to it and move on with a corrective action plan, not the same old plan for they have made these very costly mistakes in the past with other companies that they bought.
The individual has only worked for this one company his entire life and honestly doesn't know any other way.
As an investor, was I wrong to question this person's ability to use my money wisely in the future or should I have kept quiet and taken my beating silently.
I have since sold and taken my loss for none of my questions were ever answered.
I had very good inside information on what happened there and as an investor, I asked what they were doing to correct the situation to ensure me, the investor, that it would not happen again for they have purchased other highly-profitable companies recently that could go the same way.
All they kept trying to do was badger me on who I was and why I was asking these questions, which I did answer. Most of the posters on the board I believe were inside employees who did nothing but bad mouth me.
I believe I knew who the individual was and I gather he did not like being called on the carpet. He has a high profile in the news and is not hard to pick out with the way he talks. All people and businesses make mistakes over the years, but at least own up to it and move on with a corrective action plan, not the same old plan for they have made these very costly mistakes in the past with other companies that they bought.
The individual has only worked for this one company his entire life and honestly doesn't know any other way.
As an investor, was I wrong to question this person's ability to use my money wisely in the future or should I have kept quiet and taken my beating silently.
I have since sold and taken my loss for none of my questions were ever answered.