CCI - Board Change at Crown Castle is Needed Urgently: Boots Capital Releases Investor Presentation | Benzinga
Details Crown Castle Board's Track Record of Poor Judgement, Resulting in Years of TSR and Stock Price Underperformance, Debt-Fueled Dividend, Mishandled CEO Succession, Loss of Talent, and Operational Missteps
Boots Capital's Nominees Fill the Tower Operating Expertise that is Sorely Missing From and Desperately Needed on CCI's Board
Boots Capital's Nominees are Committed to Working Collaboratively with the Board and Focused on Enhancing Operational Excellence and Unlocking Meaningful Value for all Shareholders
Urges Shareholders to Vote the GOLD Proxy Card "FOR" Boots Capital's Four Nominees and "WITHHOLD" on ALL Crown Castle Nominees
View the Presentation at RebootCrownCastle.com
HOUSTON, May 1, 2024 /PRNewswire/ -- Boots Capital Management, LLC ("Boots Capital"), an investment vehicle led by Ted B. Miller, co-founder and former Chief Executive Officer of Crown Castle Inc., (NYSE: CCI) ("Crown Castle" or the "Company"), today released a presentation highlighting why change to Crown Castle's Board of Directors (the "Board") is urgently needed, and detailing how Boots Capital's four nominees, Ted B. Miller, Charles C. Green, David P. Wheeler, and Tripp H. Rice, have the right leadership skills, operating plan, and corporate governance track record to restore value for shareholders and all stakeholders.
Boots Capital encourages all shareholders to view the presentation, which can be found at rebootcrowncastle.com.
Mr. Miller stated: "Crown Castle's Board has no one to blame other than themselves for allowing the Company to pursue a fiber acquisition strategy that has cost shareholders more than $22 billion, for failing to have a proper CEO succession strategy in place, and for presiding over significant relative Total Shareholder Return (TSR) underperformance over 1-, 3-, 5-, 7-, and 10-year periods. Yet, Crown Castle would rather waste substantial additional shareholder resources on a proxy contest and ask for even more time in support of the same directors who have failed so spectacularly for more than a decade.
"If elected, Boots Capital's nominees will give the Crown Castle Board the tools, skills, and a fresh, experienced view for the major turnaround that will benefit all shareholders. We believe that our expertise and plan – finalizing the fiber sale, refocusing the Company on tower efficiency and growth, resetting compensation plans, reviving customer relationships, rebuilding shareholder trust, and invigorating employees – ...