Subject: Re: In progress observations
The voices "Do something with it!" become more and louder.

Doing something with it is his core job. There is new management in charge and there is an issue that needs to be addressed. In the longer term, capital markets are unforgiving and untrusting.

Flip the perspective. If Buffett been in charge of a business which was letting cash pile up in treasuries and had a new guy at the helm with no convincing plan for the capital what would he have done ?