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Words: | Submitted: Mon Jun 19 2006
... the last year the firm's shares have not been able to keep pace with the overall market performance or with industry competitors. Analysts believe that TC's mediocre performance is due to increasing competition in the industry as well as disappointing performance in the Product and Systems segment. PROTAGONIST BACKGROUND The company's recent performance has spurred a leading investor, Victor Yossarian to demand that the Product and Systems segment be sold. Mr. Yossarian has accused the company of misusing resources and not earning an adequate return. Because of the mismanagement Mr. Yossarian believes TC is guilty of, he has demanded two seats on the Board of Directors of the company. As CFO for TC, Ms. Weston has the responsibility of evaluating Mr. Yossarian's demands and threats. She has organized a team of lawyers and finance specialists to aid her in preparing a response to be taken before the Board of Directors. Even ...
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