Groupon & Pandora replaced their CEO - Its time may be Velti will make CEO step down too
Groupon (GRPN) & Pandora (P) replaced their CEO - Its time may be Velti will make CEO step down too. Its about time we see some change as under current CEO this stock hasn't done well at all in last several years. We need new dynamic & seasoned CEO but not an idiot like new CFO lol.
Even NAV today announced replacement of CEO and the stock jumped nearly 30% giving rise of $500 mln to company's beaten down valuation. Non performing CEO's who's stock hasn't done well are shown exits and investors applaud the switch which reflects in their sharp rise in stock price.