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Sorry, Swift's stock price is more about the horror show that is Swift's corporate governance. Especially CEO Jerry Moyes. The very fact that he'll keep his job
by fred_durst 12y ago
Sorry, Swift's stock price is more about the horror show that is Swift's corporate governance. Especially CEO Jerry Moyes. The very fact that he'll keep his job after this dismal lack of forecasting is an example of how much corruption there is there. Honestly, I would not be surprised if it was intentional.
He had to step down 10 years ago due to insider trading with Swift shares. Now he's back after a they brought it private and then to a second IPO.
The stock tanked, in my opinion, because investors know they can't trust Jerry Moyes and Swift's board.
More fun stuff.
http://teamster.org/content/teamsters-warn-swift-transportation-board-lets-ceo-pledge-nearly-25-percent-outstanding http://teamster.org/content/teamsters-warn-swift-transportat...
http://espn.go.com/nhl/story/_/id/9796076/nhl-lawsuit-jerry-moyes-former-phoenix-coyotes-owner-thrown-according-report http://espn.go.com/nhl/story/_/id/9796076/nhl-lawsuit-jerry-...