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Juca Kfouri, one of the country's most respected football writers, said Brazilian authorities have done nothing about its tainted management for 25 years.
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This can let tainted managers cling on longer than may be prudent.It took creditors three months of jostling to oust John Sidgmore from the helm of WorldCom, and he agreed to go only when he was promised a new management position, even though he was part of the management team that led the firm through its $9 billion accounting scandal.
Many foreign investors have said the current management was tainted and should leave, for the sake of robust corporate governance.
That has caused dismay among foreign shareholders, who say the current management is tainted and should leave, for the sake of robust corporate governance.
And the results can be catastrophic — from damaged brands and competitive positions to CEO and senior management dismissals, tainted reputations, lawsuits and even jail.
The image of the original domestic goddess and author of the definitive book on cookery and household management has been tainted.
Mr. DiNapoli tries to make that résumé sound tainted, but the investment and management skills exhibited with General Motors are just what are needed for New York's financial and ethical blight.
It is "completely inappropriate," he said, "for the current management team who are tainted by its past mistakes to make choices about the identity of new board members.
"It's completely inappropriate for the current management team who are tainted by its past mistakes".Resigning as director frees Mr Woodford from any limitations of who he may talk to and what topics he may discuss.
"I am strongly of the view that it's completely inappropriate for the current management team who are tainted by its past mistakes to make choices about the identity of new board members," Mr. Woodford said in a statement.
It wrote that it wanted to fill some board seats with independent directors "who are not tainted by the company's past and ongoing management failures".
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CEO of Professional Science Editing for Scientists @ prosciediting.com