… as some difficult decisions needed to be made. After only 30 days in the job, CEO, Mr Sen, has hit the reset bottom seeing that things are getting worse. Among the positives is his proactiveness and clear message. Much milk had been spilled and the entrance of activist investor, Elliot Investments, came at just the right time to encourage the CEO’s open-minded thinking without any sacred cows.
The Q3 figures came in above the consensus expectations.
