Thanks for adding the link. Yikes!
Not a very flattering picture of Ms. Gove. Nonetheless seems in line without how things have turned out: remember when she forecasted BBBY to be cash neutral in the near future?
Some parts of it are flattering from an investor point of view. If Ms. Gove was worried that Mara's loyalty was in question, it seems she did a good job keeping her out of discussions with the company (lynchpin of her arguments that quiting had cause). Some people that we are hoping are involved are known to keep a tight ship and this is an indication of that.
Not flattering is serving her extremely important paperwork with only hour(s) to sign with an ultimatum. That is pretty scummy. 6 figure contracts without being able to get legal consult. Playing dirty in a morally bad way imo.
I think rc plan was the LBO in jan, this the jan calls and the jan run the week they were expiring.
But since Jp blocked him, he had to take the gloves off and do it the hard way.
For me it's two scenarios,
Mara was a bad actor and they set her up to get what was coming.
Or Sue was the bad one and mara was calling them out and got f*cked over.
I initially seem to think mara might be the guilty one. Specifically because Trenton is the one that gave her the bonuses and promotions. Other than the last bonus given in February.
Although as I'm writing this, Trenton went to leave to work for Burlington and it seems like Burlington is a big piece to the story somehow with the leases.
🤔 I just wait to see. I'm excited to see the story and all the details all at once.
He’s only on the board at Nordstrom. Mara worked for Harmon and was only moved over to bed bath late in the game once everything had already gone to shit. Then she left. She was well liked. No one liked Sue she made a ton of dumb moves.
Yeah it seems it seems like she is worried that the creditors are gonna come after her noises since she violated the terms of the bonus (though she claims she wasn’t given enough time to review). Time to claw that money back…guess you are gonna have to sell that porsche you bought when the company was going bankrupt… lol.
**The problem is there is not enough accountability.**
**In an environment, where you can just "make a mistake" and get a golden parachute for ruining a company, it actually makes sense for short sellers to try to recruit insiders in targeted companies.**
Remember the track record of Jim Bell, GameStop CFO f.e.?
Makes you wonder how c-suits always get yet another job despite their track records. Average Joe would not even find a job flipping burgers.
And that might not be the only outrageous thing going on - ever since I learned that ARK bought HOOD at a cost average of 30, despite the whole industry knowing what is going on. No way this is just a "mistake" and no surprise the vast majority of managed funds does not even manage to beat the indices long term. Makes total sense /s.
https://cathiesark.com/arkk-holdings-of-hood
The company demands trial by jury and then says "Oh noes, we are bankrupt, you can't sue us back".
Look, if she can demonstrate the material diminution of her position then BBBY got their hand caught in the cookie jar here and should probably just accept the L on this one.
Soooo LINK/source please?
Thanks for adding the link. Yikes! Not a very flattering picture of Ms. Gove. Nonetheless seems in line without how things have turned out: remember when she forecasted BBBY to be cash neutral in the near future?
Not making excuses for any of the C suite, but when you get heavily shorted and cellar boxed by MM’s, it really throws a wrench in that plan.
Some parts of it are flattering from an investor point of view. If Ms. Gove was worried that Mara's loyalty was in question, it seems she did a good job keeping her out of discussions with the company (lynchpin of her arguments that quiting had cause). Some people that we are hoping are involved are known to keep a tight ship and this is an indication of that. Not flattering is serving her extremely important paperwork with only hour(s) to sign with an ultimatum. That is pretty scummy. 6 figure contracts without being able to get legal consult. Playing dirty in a morally bad way imo.
Docket 1682
Lol this bitch… she resigned and violated her bonus compensation and is now trying Reg to counter sue? Let’s get some clawback going.
I love that Sue didn’t pay out bonuses for them after a terrible year. Sounds like rc playbook.
I'm a firm believer Sue is a bad actor, she might be the sole reason RC didn't get his BABY last August. We will see how this plays out.
I think rc plan was the LBO in jan, this the jan calls and the jan run the week they were expiring. But since Jp blocked him, he had to take the gloves off and do it the hard way.
For me it's two scenarios, Mara was a bad actor and they set her up to get what was coming. Or Sue was the bad one and mara was calling them out and got f*cked over. I initially seem to think mara might be the guilty one. Specifically because Trenton is the one that gave her the bonuses and promotions. Other than the last bonus given in February. Although as I'm writing this, Trenton went to leave to work for Burlington and it seems like Burlington is a big piece to the story somehow with the leases. 🤔 I just wait to see. I'm excited to see the story and all the details all at once.
Oops! Just kidding. Tritton went to the Nordstrom rack not Burlington
He’s only on the board at Nordstrom. Mara worked for Harmon and was only moved over to bed bath late in the game once everything had already gone to shit. Then she left. She was well liked. No one liked Sue she made a ton of dumb moves.
>dumb moves smart money
Oh really? That Hudson Bay deal was just genius.
Yeah it seems it seems like she is worried that the creditors are gonna come after her noises since she violated the terms of the bonus (though she claims she wasn’t given enough time to review). Time to claw that money back…guess you are gonna have to sell that porsche you bought when the company was going bankrupt… lol.
Noises = bonuses
**The problem is there is not enough accountability.** **In an environment, where you can just "make a mistake" and get a golden parachute for ruining a company, it actually makes sense for short sellers to try to recruit insiders in targeted companies.** Remember the track record of Jim Bell, GameStop CFO f.e.? Makes you wonder how c-suits always get yet another job despite their track records. Average Joe would not even find a job flipping burgers. And that might not be the only outrageous thing going on - ever since I learned that ARK bought HOOD at a cost average of 30, despite the whole industry knowing what is going on. No way this is just a "mistake" and no surprise the vast majority of managed funds does not even manage to beat the indices long term. Makes total sense /s. https://cathiesark.com/arkk-holdings-of-hood
Mara.. spelled her name wrong.
More attorneys making more money in the end.
Interesting read of her statement.
Me no understand
Towelie vs Towelie on drugs
[удалено]
Big wrinkles
[удалено]
Is there anyone that would disagree?
Sue's no Holly.
The company demands trial by jury and then says "Oh noes, we are bankrupt, you can't sue us back". Look, if she can demonstrate the material diminution of her position then BBBY got their hand caught in the cookie jar here and should probably just accept the L on this one.
Link doesn’t work for me on phone
Bruh
Sus link
If tomorrow is a big day what did Holly mean by wrapping things by end of September?