Samir would have more inside knowledge of the enterprise product groups and now Art is having to figure it out. Can anyone explain why they didn't reverse it?
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Indeed. Even after selling ESG, the investors haven't finished strip-mining the company.
Because Broadcom was only looking at the enterprise part of the business and the board didn’t want Samir (and his team) to go with the sale. They needed him to clean up the business and fix the margins on the CBU side so they could sell that too.
Board thought the deal wasn’t going to go through and needed to make other arrangements? The way the whole announcement (Art/Samir) was handled was sloppy and a bit bizarre so there must be some interesting backstory. The coup with Art happened while Samir and staff was in Fiji and unavailable...