Jonathan P. Vannini is a private investor and the third largest shareholder in C^RT. Forsythe is #1 at 22.9%, FMR Corp. #2 at 9%+ and Vannini at 8%+ He has a history with C^RT and other companies he has invested in where he aquires large holdings in a company and then uses this power to, let's say, stir the pot.
It is Vannini who put pressure on to fire the then existing CEO, Joe Heitzlier, and replace him with Pook. Now we get to a point where Vannini has lost a ton of money and is obviously not happy. If he follows the same pattern he has with other companies in which he has invested and lost money, it is likely that he will file or threaten to file legal action to help his own cause. This situation has nothing to do with the IRL.
That's the short answer and I hope it helps you understand a little better.
Last edited by Flatspot; 11 Sep 2003 at 22:22.
|