Sovereign's board members have repeatedly breached trust with the very shareholders they were elected to represent. These directors must be removed as promptly as possible.
More Quotes from Ralph Whitworth:
It defies credulity that they have now disavowed this right that they have promised shareholders. It's just another in a growing list of slaps to the face of their shareholders.Ralph Whitworth
Sovereign's board continues to march forward on its cynical campaign to deprive its shareholders, at their expense, of the right to vote on transformational transactions.
Ralph Whitworth
I really haven't seen any situations, even with the most aggressive smaller hedge funds, where they have put their interest ahead of the other shareholders.
Ralph Whitworth
I am pleased to achieve our original objective of obtaining board representation, and I look forward to working constructively with the board and Sovereign's management team to build share value for the future.
Ralph Whitworth
We're happy with the decision and we're happy that the process will be moving forward.
Ralph Whitworth
Jerry is tough, and he's going to do it the right way. He is by far the finest in terms of being able to analyze business solutions that I've ever worked with.
Ralph Whitworth
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