Interim CEO assignement completed
In September I started an assignment as an Interim CEO (half time) for a small ($16 Million revenue) public company. Well half time running a small public company turned out to be full time work at half time pay. In addition, it is very clear to me that with SOX it does not make sense to be public unless the company has revenues of at least $200 to $300 million. See Press Release below.
DALLAS—December 28, 2007 (BUSINESS WIRE)—Ralph Muse resigned as interim CEO of Safeguard Security Holdings, Inc. (OTC:SSHS - News), a security staffing acquisition holding. Mr. Muse, CEO of Muse Consulting an interim management and consulting firm in Dallas, TX was hired in Sept. to improve operational efficiencies and return the company to a positive level of net profit from operations. Mr. Muse said “The Company now has positive net profits from operations and revenues in the $15 to $18 million range, it is now time for a permanent CEO. Michael Lagow has been elected acting CEO”.
Mr. Muse has also resigned from the Board of Directors.
