1. “It’s unacceptable and very disappointing the way the board failed to exercise independent leadership over management,” Loncar said. He added: “A lot of good people were hurt while the management team walked away with an embarrassment of riches. This product deserves better.”
2. Charlie Heffernan, a broker with Yates Wood & McDonald property management in Seattle, expressed his disgust with the management team. He directed his anger at the board. “You have put the company at risk,” Heffernan said. “You all ought to be fired for cause.” When asked afterward whether he was satisfied with any of the answers he heard from the company, Heffernan said no. “Just a bunch of chickenxxxx,” he said.
3. Rob Walker, who described himself as a prostate cancer survivor and long-term shareholder who currently has 110,000 shares “I wish I was as good at selling stock as some of the executives at the firm,” Walker said.
Dendreon's Board of Directors consists of (besides Mitch Gold and Johnson):
Susan B. Bayh
Richard B. Brewer
Gerardo Canet
Bogdan Dziurzynski, D.P.A.
Dennis M. Fenton
Pedro Granadillo
David C. Stump, M.D.
David L. Urdal, Ph.D.
Douglas G. Watson
Susan B Bayh has been described as a professional board member who sits on multiple boards and she has also been described as someone who got named to boards because of her husband's political influence. Her husband was a US Senator who was on short lists to be VP of the United States. Her ability to stand up to CEOs was in question before the crimes at DNDN came to light. This is something that needs to be examined closely.
2. Charlie Heffernan, a broker with Yates Wood & McDonald property management in Seattle, expressed his disgust with the management team. He directed his anger at the board. “You have put the company at risk,” Heffernan said. “You all ought to be fired for cause.” When asked afterward whether he was satisfied with any of the answers he heard from the company, Heffernan said no. “Just a bunch of chickenxxxx,” he said.
3. Rob Walker, who described himself as a prostate cancer survivor and long-term shareholder who currently has 110,000 shares “I wish I was as good at selling stock as some of the executives at the firm,” Walker said.
Dendreon's Board of Directors consists of (besides Mitch Gold and Johnson):
Susan B. Bayh
Richard B. Brewer
Gerardo Canet
Bogdan Dziurzynski, D.P.A.
Dennis M. Fenton
Pedro Granadillo
David C. Stump, M.D.
David L. Urdal, Ph.D.
Douglas G. Watson
Susan B Bayh has been described as a professional board member who sits on multiple boards and she has also been described as someone who got named to boards because of her husband's political influence. Her husband was a US Senator who was on short lists to be VP of the United States. Her ability to stand up to CEOs was in question before the crimes at DNDN came to light. This is something that needs to be examined closely.