Letters to the Editor

Hoo did a great job, but...

Friday, November 17, 2017

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Dear Editor,

On Tuesday, November 14, 2017 the Jamaica Observer published a letter titled 'SVL is a case study for business students' in which it was stated that the leadership of the new Supreme Ventures board needs to be more explicit and inform the public why the chairman has demitted office.

First, and foremost, I think that Paul Hoo did an exceptional job as chairman and there is nothing anyone can say to take that away from him. He has seen the company through all its ups and down. He has been instrumental in the company's growth over the years; from inception to now.

However, in regards to the rest of the letter, I am in total disagreement.

When there is a significant change in share ownership, thereby bringing about a change in company ownership, there is normally a change in the board and chairman. For the purposes of being a case study for students, this is the greatest lesson it could teach. Publicly traded companies go through this process all the time, and sensationalising the non-sensational is unbecoming and unfortunate. It's good business sense not to fuel public negativity; that's not how successful businesses operate.

I think it is commendable that Mayberry West Indies are the benefactors of this deal, another truly Jamaican company led by entrepreneurial and financial gurus.

How about we look to see what the future holds for Supreme Ventures? The company has been on the right track so far and I think with the help of Mayberry it will go further. I've seen, firsthand, through the stock market, that everything Mayberry touches turns to gold.

So, much respect to Paul Hoo, and it's very unfortunate to see him go. I wish him all the best. But let's look to the future; you never know, you just might end up with more money in your pockets thanks to Mayberry.

Patrice McLean

Kingston 8





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