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Cadence Design Systems Inc. Message Board

  • lesterfudd lesterfudd Oct 27, 2008 6:13 PM Flag

    New CFO Coming???

    Porter was the CFO during the time of the re-stated earnings, Palatnik was the Corporate Controller who prepared the financials and isn't the controller supposed to vouch for the accuracy of the financials as well? The board is sure mishandling this since there is no mention of what may have gone on. At least this would argue there are more changes coming...

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    • I would hope and expect that once the new CEO is in place, the current CFO will resign, along with the board over a transitional period. The same applies to any other employees with dirty hands (most likely in finance & sales). Based on my sources - this is a cultural issue in sales and finance.

      Such actions will be good for CDNS and good for the industry.

 
CDNS
19.49-0.17(-0.86%)Jul 1 4:00 PMEDT