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Synta Pharmaceuticals Corp. Message Board

  • factspls88 factspls88 May 13, 2013 4:08 PM Flag

    Did it ever occur to anyone that perhaps Ramachandra was asked to resign?

    I have no facts to offer on Ramachandras reason for leaving Synta, but too many are assuming he knew something bad about the data and left before the things hit the fan. Perhaps he was ask to hand in his resignation. In my experience new executives often have a probationary period during which they can be let go and not collect on any contract obligations a corporation may have with them such as severance, bonuses, stock options etc. An example might be if the person's resume contained claims that proved to be false upon further investigation during the probationary period. This actually happened to a boss of mine for lying about the salary he was making at his prior company. Something like this may have happened to Rama.. Or perhaps it was clear once he assumed his position that he just couldn't handle the job so Synta decided to cut the cord rather than suffer further consequences down the road. The point is, we don't know, but I am willing to bet that he was forced to resign and am holding onto my shares, including the ones I purchased on the news of his departure. I am going to let the data speak for itself and let the chips fall where they may. Good luck all.

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    • Possibility... or because he took significantly less than his last job at Hospira, he may still have been looking for a greener pasture. He was earning a fraction of his peak income and the job was far less important than his past employment. Basically he was "under employed at SNTA". Be interesting to see where he surfaces and at what level. If its a significant upgrade, he bailed. In any event, I agree that it wasn't based on flawed data. The quick turnaround smells of mutual dissatisfaction. From what I have read about him, he was a acquired taste and perhaps not a pleasing one at that.

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