McGinnis voted to terminate the investigation of … himself (his share count and representations made to be suitable for board service).
What kind of board allows something like this to happen? Did anyone speak up to suggest that McGinnis recuse himself? Did anyone withhold their vote in protest?
Again, investors should demand accountability. This stinks more and more each day.
Keep writing. Let them know. Perhaps board members would like to field this question individually?
2 thoughts on “$TPBR (Texas Pacific Banana Republic)”
The proxy companies are obviously just a rubber stamp operation, they represent the votes we need to get over the top!
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The target of an investigation gets to vote on whether to terminate it?
I analyze conflicts of interest for my day job and reading this makes my eye twitch involuntarily.
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