'Sick', 'Greedy' Avigilon CFO Gets A New Job

By: John Honovich, Published on Jul 31, 2014

Avigilon's explanations for their CFO crisis are falling apart but, in the meantime, it has worked well to boost their stock price.

********'* ************ *** ***** CFO ****** *** ******* ***** but, ** *** ********, it *** ****** **** to ***** ***** ***** *****.

[***************]

****

** *** ***, ********* were ******* **********'* *** ********** ***** ****** ***** financials **** ********, **** the ***** **********. ** that ****,****************** ******** **** *** CFO **** "** ********** with * ******** ****** issue."

*** **** ***** ******* like **** ** *** time, ********** ******* ** the ****** (*.*., ****** to ***** ************ *** ***** before *** ********** **** out) *** *** ******** move *** * **** person ** ***** *** company ****** **** ** on ********* ***** / disability.

Greedy / ****

* *** ***** ***** the ****, *** ***** *******. No ****** *** ***** any ******* ** ****** issues.

*******, *** ******* ******** ******** / ******* ******* *** that *** ********** ******* with ********* ****** *** lazy, ******* *********:

"*** **** ** ****** **** so ******* *** **** that **** **** ** a ******** ** ***** earlier **** ********. ... **** ******** to Alex [CEO] * *** *** feeling **** ** *** **** confidence ** *** **** ethic, ****** *** ***** of ********** ** *** Dallas ****** **** **** of *********"

**** *** ******** ** a** ********* **** *** CEO***** ***** ****** **** repeated ** **** ** ******* ** ********* **** an ******** ***** **** ***** *** pronounced.

The ***'* *** *** *********** ****

**** * ***** ***** leaving, ****** ******** *** ************* *************** ********* ** ***.

* ****** *** ****** * new *** ** ******* is ******* *** **** and ********* *** **** enough ** **** **** off *** ******.

Why **** ********?

** *** **** ****, Avigilon *** ********** / deflected ****** ******** ***** their ********. ****** ** not **** ** ******** someone's ****** ** ** is ** **** *****. And **** ** ****** on ***** **-********'* *********, it ******* *** ***** of ******* ** *** one ** ******* **** a ******* ******.

Long **** ***** ** **** ****

********* *** ********, ** prudent, ****** *** ** more ********* / ******** of ********'* ************.

******* *** ****** ********* may ** ********* **** they *** **** ** publicly **********, *************** ** ******* ***** share *****.

Stock ** / ****** ******* ********

*******, *** ***, ****** are ******* ** ***********. ***** *** ***'* aggressive investor ***-***** ******** *** floating ** *** ****** theory, *** ***** ***** has ********* *** ** now ********* ** *** same ***** ** *** prior ** *** *** exit.

****, *** ***********, ********* with **, ** **** Avigilon ** ***** ** beat ************ ******** *** deliver ******* ******* ** August *, **** **** they ******** ***** ** 2014 ********. ***, ** that *****, **** ** the ******** *** ***** points ** ****** ******** problems, ** **** ** forgotten, *** ***.

Comments (1)

Yet another detour off the 'Road of Riches':

Chris Ross, Former Vice President of Global Operations at Avigilon, who left back in March, to 'pursue other opportunities', has after a four month pursuit, signed on as the CTO and Vice President of Manufacturing at Intrinsyc:

VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 21, 2014) - Intrinsyc Technologies Corporation (TSX:ITC), (Intrinsyc), a leading provider of technology solutions for the development of intelligent connected devices, today announced the appointment of Chris Ross to the role of Chief Technology Officer and Vice President of Manufacturing. In this role, Mr. Ross will be responsible for the transformation of capital into technology; enabling new business lines and business models, and increasing revenues. Mr. Ross will also be responsible for logistics and manufacturing and the implementation of systems to streamline supply chain planning processes, reduce costs, and improve customer satisfaction.

Although the multiple but only tenuously related executive appointments can be taken disparagingly as a marker of a cost conscious smaller firm, (technology visionary + logistics + customer satisfaction ???), it is not always the case. Apparently he learned something from the preeminent master of all trades, jack of none himself, Bryan Schmode, right before his own position was consolidated.

*article rename suggestion: "Brad is Back and Better than Before!"

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