I don't think a Qualified CEO should have a problem with the 3 amigos. As previously stated I believe the BOD gave Goerner too much latitude. I would think a Qualified CEO would jump at the chance to have such free reins as Goerner did. Question is, have things changed because of the Crossflo deal.

As for whose idea it was to buy Crossflo, even if it was the BOD's idea originally it was up to Goerner to do the proper DD to get a valuation of the company and their technology. It was up to the BOD to make sure this was done properly. Obviously it was not done properly. If you are implying that the BOD told Goerner to put the deal together and don't worry about the DD.... well, if you really believed that you'd be a fool to own this stock.