Monday, January 24, 2011

The Citadel natives are getting restless

The New York Times has an article today about Citadel Broadcasting.

Shareholders are getting upset with the Citadel board for not considering recent offers to purchase the company.

Why?

They think the board is doing it merely to protect "ineffective" Farid Suleman, the man that drove the company into bankruptcy but still somehow remains their CEO.

I'm not a Citadel shareholder, but I would feel exactly the same way.