Dear Editor,

I am sure I am not singular in expressing dismay and shock at the resignation of businessman extraordinaire Paul Hoo from the chairmanship and board of Supreme Ventures Limited.

The leadership of the new board needs to be more explicit on the issue. They have a duty to inform the public as to reason for the seemingly unceremonious removal of this successful businessman. I don’t recall hearing he has failed at the job.

A man who co-founded a company whose products touch the lives of millions in a positive way ought not to slink away. The company, under his watch, has created mass employment and given hope to people as it grew to sales of $2 billion in 2001 to a whopping $45 billion at the end of 2016.

I know the company’s release says there is no “takeover”, but what are we witnessing happening in a public company?

There seems to be a lot of similarities with this case and that of Access Financial when they were faced with what appears to be similar variables.

These cases should not be shelved, instead, they should be adopted as case studies in our universities to be used to guide business students.

Dalgalish Henry

dalgalishja@gmail.com