I respectfully disagree with this. I feel the management is misleading investors. When the speaker mentioned that he is calculating the share price from the time the merger was announced, not from the date of the merger, Mr Vaidyanathan conveniently ignored this and repeated the share price from the merger date.
Isn’t it the management’s responsibility to review the bank’s books before the merger? How can he wash his hands of it now? This is very irresponsible of him. While the bank may do well in the future, his refusal to accept his mistakes is very bad.
I believe it is the responsibility of investors to keep the management in check. In fact, I’m glad the gentleman advocated for the average investor’s perspective so strongly. After all it is his money, and lack of return over 6 years is just unacceptable.
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