ReBuild LL – A Proxy Fight to Boost Growth and Profits at Lumber Liquidators › Forums › General › Director Famous Rhodes › Reply To: Director Famous Rhodes
“And it’s not that the board is complacent about those poor results. It’s the fact that they tolerate repeated decisions that harm shareholder interests.”
It’s that the board has no experience in flooring or relevant retail operations. They would not even know how to gauge if a decision by the current management team is good or bad. They cannot guide the management or rate them because the board itself has no understanding of the industry. Look at their corporate biographies. Not a single director has any experience in the flooring or building space.