Ronan Manly: Executives keep fleeing GLD

Section:

By Ronan Manly
BullionStar.com, Singapore
Friday, July 29, 2016

A remarkable but little-noticed development has occurred behind the scenes of the SPDR Gold Trust (GLD) over the last three years. This development concerns the very high level of executive staff turnover at World Gold Trust Services, the New York based "sponsor" of the mammoth GLD gold-backed exchange-traded fund that is listed on the New York Stock Exchange.

For within less than three years, World Gold Trust Services has gone through four chief executive officers and three chief financial officers. By any standard this is a huge amount of senior executives moving through the roles, and would normally ring alarm bells in the corporate governance departments of major institutional investors. Perhaps it has caused concern among institutional investors of the GLD, but if it has, it has gone unreported. ...

... For the remainder of the report:

https://www.bullionstar.com/blogs/ronan-manly/execs-flee-gld-the-revolvi...



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