NEW YORK, NY / ACCESSWIRE / July 19, 2022 / Earlier today Echo Lake Capital and Deerhaven Capital (collectively the "Authors") issued a letter to the Board of Directors of U.S. Global Investors, Inc. (NASDAQ:GROW) criticizing the company's CEO and controlling shareholder, Frank Holmes. The Authors condemn Holmes' apparent decision to hire his son on three separate occasions at GROW and not disclose it to shareholders. The Authors question if these actions violated securities laws and if these actions harmed the company's shareholders and other employees. The Authors believe Holmes' actions were unethical and not best business practices which seems ironic considering Holmes recently created the "Frank Holmes Centre For Leadership, Ethics & Entrepreneurship at Huron University."
Investors Question Frank Holmes' Apparent Failure To Disclose Repeated Hiring Of His Son At U.S. Global Investors, Inc.
Jul 19, 2022
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