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Surely his primary job, and that of any CEO in any business, is to maximise profits, or in the case of BHAFC to minimise losses for the benefit of shareholders. At the moment the jury has to be out on that. A CEO's job is to act as a liason between the board and management, in order to ensure...

I totally understand and there is no criticism from me for writing the letter, nor the content - just don't understand comments such as, etc. etc.

What in that letter gives cause for such gushing praise of PB? ??? Read it again and think about what he's actually written 1) - We've massaged the financial position, not because doing so doesn't breach FFP but because there are no penalties for doing so 2) - The full effects of new...