That being said, I continue to be perplexed by the board’s recent decision to relieve me from my responsibility as CEO of the enterprise. To date, I have not received a reasonable explanation as to why; the statement they released to the press not withstanding, I feel as though after 20 years I am entitled to one. I understand that maybe they don’t feel that they owe me an explanation.
One thing I can tell you is that I stood resolute in my conviction on the direction we needed to go and that the measures we have taken since January are only a beginning. A complete review of how we are structured and operate is necessary. Beyond my being dismissed, I am unaware of any changes that are being contemplated that will have a meaningful impact on the organization.George still sits on the Board of Directors with other family members, including his mother, Mari Hulman-George, who chairs the board, and his sisters. Attendance at today's Brickyard 400 apparently weren't so hot. Now that has a major economic impact on the Indianapolis hospitality industry, but don't expect to hear any concerns expressed by the downtown elites, who are totally consumed with the payola scams for the Simon's Pacers and Irsay's Colts, which don't even come close to matching the economic impact of the Indianapolis Motor Speedway. The IMS receives no public subsidies.
I have been replaced in my role as manager by two individuals who have been with the company for many years. In that time they have also been members of the executive management team and have participated in all of the strategic decisions that have been made over the last 15 years, so they are well aware of the challenges ahead. My question for the board has been not one of who is going to manage the company, but rather, who is going to lead it? There is a distinction.