The stock action here is telling you everything you need to say.
More Quotes from Larry Haverty:
The timing to implement the plan is lengthy and the potential rewards are nothing different from what would be achieved by current management.Larry Haverty
I'm not sure that in this case he brings a whole lot to the party. The businesses are not mismanaged. There's not an awful lot to fix. We are very happy to see Icahn stirring the pot, but the way things are going and the way this company is being managed, it's a day late and a dollar short. The things that are being done to fix the stock have already been done. I don't think anybody can have any qualms, as a shareholder, with Dick Parsons.
Larry Haverty
History shows the poison pill under normal circumstances doesn't benefit shareholders. If the corporation wants a poison pill, it's the shareholders' prerogative to decide that. Not the board of directors.
Larry Haverty
It's the wrong time to do anything that's tax inefficient and (that could) subject owners to any unnecessary financial risks.
Larry Haverty
What's clear right now is that the market won't reward that.
Larry Haverty
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