September 25, 2013

HOTEL GOAN HERITAGE AND ITS USELESS BOARD.



It is now evident after reading the write-up yesterday in this forum disclosing the arrogance of the Board of Gulf Goans Hotels Co. Ltd., in unnecessarily wasting company’s money in the office at Panjim.  By losing so much money the Board is responsible for wasting huge amount thereby denying the Shareholders larger amount of dividends.  It is once again proved that the current Board headed by the Chairman Justino Fernandes is unfit to run the show.

When such injustice is done I cannot understand why intelligent members in the Board are keeping silence.  Or there is not a single intelligent member in the Board?  In this case, are all the members idiots?

That both the Kuwait based Harward educated economist directors are useless to contribute anything worthwhile is now proved beyond any doubt.  What is their role in the Board on this topic? Are they both treated with respect in the Board or as unwanted?  Do they have a say in any decision making or they are considered as a burden on the Board? According to one source they are both non entities.  Hence, it is better not to expect anything good from both the idiots.


ONE CONCERNED SHAREHOLDER.