Small-Cap CEOs: Think Twice Before Adding a Large-Cap Executive to Your Board

Small-caps often contain directors who are new to the small-cap world, having spent their careers operating, governing, or advising large-cap companies. These board members, and their colleagues, are often surprised – and not in a good way – to learn that many small-cap investors don’t always view their large-cap experience in a positive light. Here […]

When CEOs… Wing It

Public company CEOs and CFOs are used to being the smartest people in the room. And they know their industry and company better than virtually anyone else. So why would they need to prepare extensively to be interviewed? Many don’t think they need to. So, they basically just… wing it. Winging it works sometimes. In […]

Some Candid Thoughts About Buybacks

My firm has been asked a lot recently by client board members about stock buybacks. Though I obviously don’t speak for all current/former institutional investors, my answer is nearly always the same (spoiler alert: these are generalizations). If your micro- or small-cap company is unprofitable, don’t buy back your stock. If your micro-or small-cap company […]