CWB CEO Chris Fowler Should Be Fired, He is Incompetent
In my opinion, Chris Fowler (CEO of Canadian Western Bank) is incompetent and should be fired. After Mr. Chris Fowler assumed the position of CWB CEO, the stock started tanking substantially. Canadian Western Bank lost 50% of its market share (we're talking about billions of dollars lost).
Shareholders must speak out and call for Mr. Chris Fowler's resignation. He is incompetent.
If you look at Canadian Western Bank's Board of Directors, these guys are a complete joke. The companies they advised in the past have either bankrupted or lost significant amounts of market share, example: Precision Drilling. Just look at the names of folks who sit on Board of Directors. They are also incompetent. The reason Canadian Western Bank is tanking is not because of market conditions, it's because of incompetence.
Chris Fowler must resign or be fired. Board of Directors must be replaced with competent people who have a history of running profitable companies. That's the only way CWB can make a comeback. The only way to save this company from total collapse.
CWB has lost more marketshare than any bank in Canada. Here is an example:
21 Aug 2014, CWB share price: $41.13
13 Jan 2016, CWB share price: $20.23
Please E-mail CEO Chris Fowler and ask him to resign: email@example.com