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Re: Phony

By: Cactus Flower in ALEA | Recommend this post (0)
Thu, 12 Apr 12 5:42 PM | 61 view(s)
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Msg. 07308 of 54959
(This msg. is a reply to 07305 by DigSpace)

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Dig,

that's the way I see things re F and S. That the CFO has had to battle against the surplus optimism of the CEO.

The CEO has his own skills, as you say. But in the way he sees it, the world seems to conform to his vision. And it just doesn't work that way.

During the dark years, I learnt to read F's forward-looking statements about cash needs and to ignore the quarterly gush from the unsafe harbour. Turned out I made the right choice. I got a lasting sense that it was likely his contribution that saved the company from S's untrammelled ambition.

This time, I suspect he got rolled. But in general, the attacks on non-S appointees seem to me to be a form of displacement. If the Ss take the company's coin and seem to run the company and its board, they must also have the responsibilities which come with that.

One guinness is enough for any company. Isn't it?




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The above is a reply to the following message:
Re: Phony
By: DigSpace
in ALEA
Thu, 12 Apr 12 5:22 PM
Msg. 07305 of 54959

Yes, somewhere in the psyche of those posturing to expose the mongers of FUD and exposing some bright light of certainty as an alternative ... somewhere in them thar folks lies deep seated FUD. Its as if another dare not speak out loud of that which is the stuff their own demons. And yes, few like to be pitied.

To me it is this sense of absolutism that I find dumbfounding. That SKS (et al?) has done a remarkable job of positioning wave for this opportunity does not preclude him also being one of entitlement, and indeed what I feel to be an unethical placement of all risk on long time shareholders. SKS may have a remarkable vision for an unfolding market and a great sense of what products to prepare for that market, and may at the same time be a fool for prudent use of resources in the exploitation of that opportunity.

Its that sort of untempered adoration that smacks of cultism to me. It seems to me tkc simply calls for additional skills in the front office, one with demonstrated prudence, one who can mold, shape or focus enthusiasm to more accurately address what *is* as opposed to what could or should be.

Feeney gets a bad wrap. He's the scapegoat. I don't know how it works at Wave but I suspect Feeney tells SKS how long their money is going to last and asks when the next deal is going to come in so as to formulate a funding plan. SKS gives Feeney bad information clouded by unsupportable enthusiasm and Feeney is left picking up the pieces. Feeney doesn't decide if SKS buys stock, last I heard SKS' spouse does.

That a person place or thing must be all good or all bad seems to be a decidedly American thing.


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