actually the board has a lot to answer for - 2011/2012 we will better align inventory to sales - lol is all i can say there inventory levels are erratic as doenst look like they have acheived this.
employee numbers have dropped considerably over the yrs thru all there restructurings yet employee costs have barely fallen? more chiefs than indians?
operating costs are poorly managed look at there cashflows so no they fail on there cost reduction effort as well.
product mix was clearly wrong - but at least they have realised synthetics are a big space to be in
the list could go on

every year just seemed like more excuses for poor management and board decisions

dont know why shareholders put up with such poor board and management for so long time will tell if its different this time or just another lot of idiots