The messy firing of Joel Matlin by the board of directors of AlarmForce continues to leave the question of why it happened. But Marvin Ryder of the DeGroote School of Business at McMaster University says he thinks the issue arose because Mr Matlin was not so keen on selling the company he founded so that it could expand in the U.S. Mr. Ryder was interviewed on CHCH-TV and emphasized that he “thinks” this is the root of the breakdown. He also said that it will be very difficult for Mr. Matlin to organize a comeback as CEO by asking shareholders to re-instate him. Mr. Matln is quoted by Canadian Press as saying he should not have been fired, did not expect to be fired and that he is calling on shareholders to restore him to office. He would only say his dismissal came about as the result of a disagreement he had with the new CEO Anthony Pizzonia. Mr. Matlin is a minority shareholder of the firm (8 percent) having sold off control of the company. There has been no comment from the new management. Previous post Did Matlin resist selling firm he founded?
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The messy firing of Joel Matlin by the board of directors of AlarmForce continues to leave the question of why it happened. But Marvin Ryder of the DeGroote School of Business at McMaster University says he thinks the issue arose because Mr Matlin was not so keen on selling the company he founded so that it could expand in the U.S. Mr. Ryder was interviewed on CHCH-TV and emphasized that he “thinks” this is the root of the breakdown. He also said that it will be very difficult for Mr. Matlin to organize a comeback as CEO by asking shareholders to re-instate him. Mr. Matln is quoted by Canadian Press as saying he should not have been fired, did not expect to be fired and that he is calling on shareholders to restore him to office. He would only say his dismissal came about as the result of a disagreement he had with the new CEO Anthony Pizzonia. Mr. Matlin is a minority shareholder of the firm (8 percent) having sold off control of the company. There has been no comment from the new management. Previous post