CWB Shareholders Demand Resignation of Chris Fowler, CEO
In my opinion, Chris Fowler (CEO of Canadian Western Bank) is incompetent and should be fired or offer his resignation immediately and unconditionally. During his tenure as CEO, the CWB share price plummeted 50%.
Canadian Western Bank lost 50% of its market capitalization (we're talking about billions of dollars lost because of this incompetent CEO and incompetent Board of Directors).
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 value 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
Declined: 52.27% (and will likely never recover)