Accentuating the caveat emptor perspective with critical commentary on financial disclosure. I adopt a skeptical persona and look for chinks in the teflon coating of financial disclosure. My job is to identify financial warts. Perhaps a Black Swan. Disclosure: I do not hold positions in stocks mentioned for three trading days before or after blog post.
Friday, March 24, 2006
Zales (NYSE:ZLC) leadership problems
Zales Corp (NYSE:ZLC) announced the sudden resignation of their COO. Ms Sue Gove also resigned from the Board. This is all very sudden with no replacement insight. All this after the sudden resignation of the CEO less than two months ago. If the board is unhappy than they should replace key officers. I wonder if there is a plan and why it cannot be announced. Losing the two top officials with no replacement announcement makes you wonder whose hand is on the steering wheel. Very hard to invest unless you know all the facts.