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Which is fine, unless there's work to be done right now!
as previously said it depends on your philosophy. you can use current members of your work force to do the work. if necessary you postpone activities. you don't hire a body that you are not certain fits into your organization. it is a philosophy. you are entitled to your opinion what is necessary.
Agree and he has a slew of lawyers to keep disgruntled clients and employees quiet..
It's telling that the company has hundreds of people working in sales and fewer than a dozen actually researching and picking stocks. I'll give it to him that he built a very effective sales machine. But otherwise he's a crappy asset manager and shitty employer. It's pretty rich that he's giving advice in this particular area, the company is infamous for treating it's employees like crap and big employee turnover as a result, as well as a shockingly high number of employee and customer lawsuits as mentioned. Come to think of it, they probably spend significantly more on legal than stock picking and asset management as well. Slimey.
