Re: Mr Black: Where is your performance? We are still waiting?Next year?eom
>> Mr Black: Where is your performance? <<
Doc Black's response: My performance is in my bank account!!!
Don't blame Black, blame BOD. If BOD collectively had half the brain of a donkey, they would have known, after wasting so much time with Hughes, that a material science with NO expertise as a technologist nor as a successful businessman is not the right choice as CEO IF they wanted rambus to reinvest itself as a successful company.
A CEO should either be (1) a technologist with expertise in a rambus competency area, or (2) an ambitious businessman. Poor Black has not only not have any of those requirements, but also does not have an ounce of integrity or decency. That is why he hired a no-body as CFO, whom no worthy company would have tolerated for a single day, to help him kick the can down the road, for next year, or according to his goofy CFO 18 months later or long term, and keep fooling investors unsuccessfully and never deliver year after year. This guy does not even know that it is more likely to win the lottery than to know what the world looks like in 18 months in this market!
I would have loved Black turn into a billionaire by having a million shares and could turn the company around and raise its PPS to $1000 in the last 5 years. His settling with the cartel was the kiss of death to rambus' DRAM business; and other businesses that rambus bought were not worth much except for the security business which was left alone to fail just like the lighting!
Had rambus focused on security, it would have been a very successful company today, otherwise he could have explored another area, go sell sneakers on internet, copy Amazon or even Disney, or sell the company!
BOD, CEO, and CFO have won the lottery at rambus and they have no choice but to play game for as long as possible to remain at rambus and milk it!