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by MrJosh on September 12th, 2009

MrJosh

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Say you are on a board of directors, and your CEO is running the company in a way that it is hemorrhaging money. He explains that it is all part of the plan and that at his appointed time, the tide will turn and the money will pour in. Keep him or not?

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Answers. 5 helpful answers below.

  • by Keysha on September 12th, 2009

    Keysha

    Tell him to explain the 'plan' and evaluate if it is feasible. If it is not, or is borderline, get rid of him.

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  • by CaptainHarley adores his life penguin on September 12th, 2009

    CaptainHarley adores his life penguin

    I would insist on hearing this ... plan.

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  • by Suby the Coat on September 12th, 2009

    Suby the Coat

    First we must study the financial projections for the company.
    Check the cash flow and funds flow statments.
    If the projections tally with the activities of the CEO and if they are found realistic then keep him.
    Otherwise don't be a party to the collapse of the company. Remove him or if that is not possible remove yourself from the board of directors.

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  • by DudeLer 2 on September 12th, 2009

    DudeLer 2

    I bet if you turn him over, it will say on his bottom, that he was made in China.

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  • by Anonymous on October 27th, 2009

    Anonymous

    If he won't explain, he can start looking for a new job.

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