Quote:
Originally Posted by Barefootsies
Funny how Howie is CEO of the monde now, but Norton was listed as that until this most recent turn of events. Now Howie's promoted. So where did Nort go?
Indeed....
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They are not business people Barefootsies and can't see *any* evidence of good judgement based on experience. The history of MVC onwards has been "turbulent" and the current crash was inevitable at some time or other.
A good team in that scenario are people with a financial/banking/processing background and where the senior management have some cred and a spread of banking and other contacts where they can develop a mutually benefically and stable trading relationship. Cohen, Burah et al don't have that background.
PS Professional biz people also give out statements under these circumstances and keep clients informed. If it is ultimately bad news - this needs said and with some detail as to how it affects clients and the appointment of an administrator to wind up the company and deal with funds distribution with creditors. (Not have existing officers pay folks out at their discretion to the detriment of other creditors).