Quote:
Originally Posted by Casper
I always understood that WP and Winton were under the same corporate structure but that could have changed ...
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Ultimate ownership would appear to rest with BAC (or so I assume), but the ownership of the circuit, and the operating entity were both specific to WP (see the LEC decision). That would be pretty standard I suspect. Probably the same for Winton.
The real question is what is the overall controlling entity, and particularly what level of corporate/financial/governance skills are represented on that entity's management and Board. That is, how much scrutiny and control did they exercise over the ownership and operations WP?
Judging from the mess that is WP today, the answer is 'not enough'.
