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> Worried about a lack of transparency at Beats after the HTC deal, Monster CEO Noel Lee also reduced his 5% stake in Beats to 1.25%. This "lack of transparenc
by jzwinck 12y ago
> Worried about a lack of transparency at Beats after the HTC deal, Monster CEO Noel Lee also reduced his 5% stake in Beats to 1.25%.
This "lack of transparency" probably has a different meaning than the layman's one. The CEO of the former parent company used to be an insider, but no longer is. It's logical that he'd (partially) divest himself, since he no longer has as much "edge" (advantage relative to the market) in his position. In other words, he's not "worried" that Monster will suddenly do something that harms regular stakeholders, he's worried because he is now one of them.