Don’t let the news fool you. They didn’t need 2 years to conduct this review. The answer was always there.
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Wrong. Those concerns never changed nor did the financials. DG promised he could hit the split/merge home run. Swung and missed. And the BoD let him. WD could have split years ago but DG got in over his head. Now its all very public and the BoD needs to pin it on DG or it will stick to them if it hasn't already.
it took that long to understand SK Hynix and Bain had concerns, come on
Split the company, let the SSD side go bankrupt with the amount of debt they have, and then the Japanese can buy the assets for 10-20 cents on the dollar and NOT assume the debt. The Japanese aren't stupid.
“ the Japanese aren't stupid”
I guess you didn’t see that the problem was Hynix refusing to support the merger.
WD executives were delaying things to harvest bonuses. Expect more delays and $10,000,000s more bonuses before they're done.
gfd+1plr1Rbq With the reply of the year
The reason it took so long is a) they were hoping for a split + merge which, in the end, they couldn't make happen (the Japanese aren't stupid), and b) there was no incentive for DG to move fast. If only a split were in play, they could have declared that intent a year ago. Watch what happens next. All the executives whose jobs are at risk are in no hurry. It will be another year of gridlock, but with a bunch of political back-stabbing going on in the background. If they were smart, the BoD would use this declaration as an excuse to finally get rid of the most hated CEO in the Valley.