2 ms·
Usually when a the founding CEO of a public company steps into a strategic non-operations position, it's basically their way of saying "I'm taking the money and
by jedberg 2y ago
Usually when a the founding CEO of a public company steps into a strategic non-operations position, it's basically their way of saying "I'm taking the money and retiring" without tanking the stock by just leaving.
By taking a strategic role, investors are less worried because they know the CEO is still around.
But in this case it looks like it is legitimately a health reason. I hope he heals quickly.