Reconsider liquidation

It was the first truly homegrown conglomerate that mushroomed into CL Financial (CLF) and spread its wings beyond our narrow national and even regional boundaries.

It demonstrated what is possible for our local business community and it is therefore important how we treat with it in this its hour of need. To simply dismantle and abandon it should, in my view, be the last option, if it is an option at all.

CLF was a victim, like many other major conglomerates, of the recent global economic depression.

In addition, one may claim it was run by some who were too adventurous.

Be that as it may, there should be dialogue with its shareholders and a close look at their plan of restructuring and repayment of its debt.

We must try to find a solution and let the legacy of Duprey live on. To do otherwise would be a sad day in the history of our country.

However, I firmly believe that those individuals at the helm when CLF experienced its “difficulties” should not be part of its new “hierarchy.” Also, in my opinion, it should be clear that the extremely broad range of areas of interest should be rationalised.

Prof emeritus Harold Ramkissoon via ema