If he were a majority shareholder, he would be replacing the Board, not the other way around.
It's refreshing to see an example of corporate governance as it is supposed to work. After several years of watching toothless BoDs passively allow the executives to pillage and loot corporate balance sheets, I was beginning to wonder if anyone knew the definition of "fiduciary duty" anymore.
Sorry to be totally off-topic, but since we're talking about rifles, is there any chance that you could do a review on the Steyr-Mannlicher M95 straigh-pull rifle at some point?
I've been given one and am wondering if you know of any insights beyond the intarwebz stuff already out there - especially in regards to the sights...
As I understand it, Cooper Arms is a closed, family-owned corporation. So they've exchanged the CEO for another titular CEO and business, so they hope, continues as usual.
If he were a majority shareholder, he would be replacing the Board, not the other way around.
ReplyDeleteIt's refreshing to see an example of corporate governance as it is supposed to work. After several years of watching toothless BoDs passively allow the executives to pillage and loot corporate balance sheets, I was beginning to wonder if anyone knew the definition of "fiduciary duty" anymore.
vabledg: a barrow-troll, I think.
Hey Tam?
ReplyDeleteSorry to be totally off-topic, but since we're talking about rifles, is there any chance that you could do a review on the Steyr-Mannlicher M95 straigh-pull rifle at some point?
I've been given one and am wondering if you know of any insights beyond the intarwebz stuff already out there - especially in regards to the sights...
Wow. That was fast. Now Cooper gets to be bitter.
ReplyDeleteTC
As I understand it, Cooper Arms is a closed, family-owned corporation. So they've exchanged the CEO for another titular CEO and business, so they hope, continues as usual.
ReplyDeleteNo real change there.
I'd planned on blowing good money on a rifle from them at some point.
ReplyDeleteThat $5k will now be going to Ronnie Barrett, whenever I can swing it.
Fuck Cooper.