Wednesday January 25, 2012

THQ Devs Call For Execs To Be Fired

Let's face it, this open letter to the THQ board could be written by anyone from a disgruntled janitor to a pissed off shareholder but, the truth be told, it doesn't really matter because we all like reading behind-the-scenes soap opera stuff like this...regardless where it comes from. big grin

This Board has allowed the Brian Farrell, the CEO, the ongoing ability to take a cash-rich profitable company and drive it from a $30 share price down to around $.70 without acting despite numerous mistakes that even for those lacking business training, could see were errors. Even without glaring mistakes how can the same CEO stay in charge after a 99% share price loss?