November 23, 2021 at 11:18 pm
#39314
James Elding
Participant
I like this point and I was on one project (divestiture) that was viewed as a complete failure my the investment community. In one year the stock price went from about 28.00 per share to under 1 dollar. The company was in fact at risk of being delisted on the NYSE. One CEO of a private equity fund lost millions and called for the resignation of the CEO. Performance of the company never measured up to what was promised pre-divestiture.