I suppose it was a long time coming but I bet they will find another useless scapegoat & put him there then they have someone to blame for the company's lack of improvement or vision. Anyway, just another chapter in GF's long history of making people very wealthy & giving them something to write on their ridiculoulsy bare CV's. The saying "You cannot polish a turd." springs to mind.
We have had numerous useless toothless CEOs that eventually get the axe but the board always come out clean & smelling like roses. I guess the s*** doesn't stick to the guys with their teflon thobes!
By the way who is Spencer Stuart?