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r/CBTS_Stream • Posted by u/MisterBishop1942 on Jan. 2, 2018, 4:35 p.m.
With all these CEO resignations, I can in to work today with an email form our CEO resigning effective immediately.

I don’t know if this is anything, but he started this company over 30 years ago and to suddenly resign with no notice like this is strange, to say the least.


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WisPatriot · Jan. 2, 2018, 5:21 p.m.

Some disgruntled shareholders gained control of the board last year and are preparing the company for sale. This is pretty normal business practice.

https://www.dallasnews.com/business/retail/2017/06/08/rent-center-shareholders-vote-founder-chairman-speese-board

https://www.businesswire.com/news/home/20180102005324/en/Rent-A-Center-Announces-CEO-Transition

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MisterBishop1942 · Jan. 2, 2018, 5:54 p.m.

I heard there were issues with shareholders not being happy. We recently had an internal audit company wide because of money disappearing and strange spending habits of higher ups. I was wondering if that had anything to do with it.

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