There’s speculation surrounding Mike‘s future at Blackbaud as the stock price tanks.
It‘s very possible an announcement is made on his future Autumn 2026, with an eventual departure in 2027, until a replacement is found.
4 replies (most recent on top)
Mike owns more than half the board. If it’s their vote that sends him packing, it ain’t happening. There’s still $30 bucks a share for him to milk; only when he gets every last penny he can will he walk away. There’s a handful getting rich off of Blackbaud tanking - hint: it’s definitely not you or me
Cant believe they extended his contract one more year last december. Dude is protected and gonna walk away with a bunch of money.
Isn’t he on a two year contract anyway? Isn’t ‘27 his last year regardless? He is just there to sell the company, but given how sh---y it is and how tough this sector is, no one is buying. Any new CEO should be able to size this sinking ship almost immediately and not take this job since it’s based on mostly stock compensation.
Please be true, even if this is BS. He needs to go as well as the other ELT!!!! 😡😡😡😡