Could the Times have helped their readers if they had handled their January story about Helen of Troy differently?
In January of this year we learned of the sudden departure of Helen of Troy’s founder and CEO. The Times wrote an article (you can retrieve it from the Times web site but it will cost you $2.95) about the situation and told us that it was part of a management succession plan.
The CEO left his position in the middle of a month. That did not sound like an orderly plan so we posted The rest of the story.
Now the Times tells us that the former CEO is suing the company. The lawsuit claims that he was forced out in order to protect the board of directors and their “lucrative” compensation.
The company is now having trouble growing under the new management.
Helen of Troy is a publicly owned company. The shareholders have a right to the truth about what happens at the company. The company’s public statements at the time of the departure were misleading and probably caused some shareholders to take decisions about keeping their stock that they might not have made if the truth had been made known.
I suspect that someone may get in trouble now with the Securities and Exchange Commission.
We deserve better
Brutus
Posted by Brutus 
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