Founders & Former Executive Management Team of LCA-Vision Seek Change to Rescue Company (PR Newswire via Yahoo! News)

Chairman of the Board of Directors dated November 21, 2008, and filed earlier today with the amendment to their Schedule 13D, they stated, “As the founders and former executive management team of LCAV that led the Company to its past successes, we feel financially, ethically, and reputationally compelled to help rescue LCAV before it implodes. Joffe emphasized the critical need in these challenging times to have a Board of Directors and executive management team with the insights, experience, and passion to lead the Company and better serve its shareholders, physicians, employees, and patients. At the same time, we have absolutely no doubt that much of that dramatic loss in shareholder value is self-inflicted — a result of, and attributable to, lack of strategic direction, poor decision-making, and even poorer execution by LCAV’s Board of Directors and executive management team. Search Type All News Yahoo! read more

[tags]company, , board, directors, joffe, lcav, [/tags]