Adaptec fighting Word War II
There has been a second outpouring of letters to shareholders as the Adaptec board and Steel Partners fight Word War II over the fate of CEO Sundi Sundaresh. Steel Partners talks of his horrendous failures and the fight is turning on whether Sundaresh is seen as a value creator or destroyer. Steel Partners alleges that, during …
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Posted Monday 26th October 2009 17:02 GMT
"It cut its combined R&D and SG&A expenses in half" #
"It cut its combined R&D and SG&A expenses in half"
Oh look, a management team that doesn't understand the difference between unnecessary overhead to be avoided, and investment for tomorrow, to be preserved at the risk of going under bigtime (like GEC did).
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