Fronde loses 2.7 Million in first half year 2007#

It is with anguish that I read that Fronde has made a loss of $2.9 Million for the first half financial year of 2007. I'm not personally wanting to criticise Fronde, but it does give some idea as to the issues that have been facing at Fronde over the last year. I was certainly sold on the growth strategy when I took up the role of Principal Consultant at Fronde. I also see that Jim Donovan has coped some flack on his blog over the result. Although Jim is no longer the CEO of Fronde it is on his watch that this result has occurred. It's tough to deal with the issue as it's very personal and although Jim was the CEO, the board and the senior managers must also take some responsibility. However as hard as it is I'm sure Fronde will work through it and get better and stronger.

1/31/2008 6:16:44 PM (New Zealand Daylight Time, UTC+13:00) #    Comments [0]  | 

 

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