Wednesday, September 9, 2009

Express Shopping Network Searchs for a new CEO

Express Shopping Network Chief Executive Officer Replacement :

Today this announcement was made in the front page of ACE asking all investors to vote for the successor of Jayt Axel as current chief executive of the company.


Please go to ESN forum to vote for the new CEO of ESN.

2 candidates:
Johnny Norwood
Unbonbom Aabey


Now this choice is hands down very simple in my opinion since we are all familiar with the way Unbonbom deals with restructuring new companies. His strategy is basically turn any defunct company into a investment firm for second life markets. This is what he intended to do with Blue Diamond Virtual Reit back when Southernborne was caught dumping assets. That I belive is showing a total disregard for what the company is and what investors purchased shares in. You can't have investors who have given their money for a magazine idea suddenly switch to a investment firm its just not fair to them.

The fact that Unbonbom has suggested the same plan for BDVR shows that he doesn't study the particulars of each company and develops a plan to meet those needs. It seems as thought he uses the policy of "One size fits all" to acquire as many companies as he possibly can. In my opinion he has plenty of companies to manage and I think its very unwise of him to offer himself for yet another ceo role.

This link obtained straight from the ACE forums shows that this is not the first company Unbonbom wants to convert into a investment firm:

http://www.ace-exchange.com/forums/topic/951

If you take a minute to look over the thread you will notice that he basically suggested to blow away the identity of the company and replace it in its entirety. Sell land quick and start investing in SL markets was his reformation plan for a Real Estate venture.


On the other side of the coin we got Johnny Norwood a investor that althought I don't know deeply since we have only talked once I think is the right candidate. The manner in which he carries himself in the forums is very professional and he has a strong idea with which to lead ESN into new heights. Thats just what the venture needs some new fresh blood who will devote a good deal of time to achieving progress, not someone who is already a ceo of a few ventures.

Anyway this is just one bloggers opinion here , the final choice rests with the investors of ESN who have the power to pick the right candidate. I want to encourage you if this post hasn't convinced you to do a little research into Unbonbom and Norwood to measure the pluses as well as the minuses and balance them for only then will you be able to make a informed desicion.

2 comments:

  1. Investors gave their money originally to Monkey Cannning. Since the relaunch about a year ago with zero assets, the only two people who invested time and money into ESN were Stray Underwood and Jayt Axel. ESN will remain a shell company, which is fine, because most of the ACE listed companies are.
    So happy trading (whoever becomes CEO)!

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