Funny how the CEO was given the opportunity to endorse the COO for the new CEO and he declined yesterday. Instead he went on and talked about ethics.
Was glad to hear he thought the next CEO should know technology. That would be a nice change.
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One clown left, many more to go!
CEO once boosted about buying SanDisk in an all hands meeting- something about Luczo saying he was 'crazy' for buying it. Ironic.
How can we know who made the decision to buy SD? It could be CEO or the board pushed to buy it. But the merge of WD and HGST did not make the good HDD. Seagate made better HDD. WD should feel shame for it.
Well, if the board still have any sense of sanity, they should fire the entire management team. At this point, we are pretty much beyond repair with a sh– load of debt. Steve got what he deserved. He would be pushed out if he did not announce his retirement. This definitely saved some face for him.
Some would call it "normal business". Others wold call it bailing out before they push you out.
let's see, CTO left, CEO is leaving. COO sold stock on the 31st. what's not clear?
There is no way the projected earnings for next year can be delivered. Next CEO will have to do more aggressive lay-off spirals.
This is a normal business. WD has the tradition to transfer to new business and let the old CEO go. I think Sandisk people will take over WD.
He was a good CEO, he will be missed
Somebody else has to clean up the mess. 6 months from now, it will be a lot messier than now.