Entries by Footnoted

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Lots of (metaphorical) cork-popping at Ebix…

Based on recent news accounts, one would conclude that things are going swimmingly at Ebix, Inc. (EBIX), an Atlanta-based company that supplies the insurance industry with software and e-commerce solutions. And based on an 8-K that Ebix filed late yesterday afternoon, we’d say that’s also true for the company’s CEO, Robin Raina. Just this month, […]

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Shiny deal for Symantec’s new CEO…

A few weeks ago, Symantec Corporation’s (SYMC) board decided that enough was enough. After years of disappointing results under different leaders, the board fired then-chief executive Enrique Salem and tapped its Chairman, Stephen M. Bennett, to become the new president and CEO. The board also charged Bennett with the daunting task of turning the company’s […]

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Altisource execs owe their consultants, big-time…

Anyone who has worked for a corporation has probably heard a joke or two at the expense of consultants. To workers in the trenches, consultants sometimes appear to be high-priced temps who take over a conference room, only to emerge months later with advice that executives treat as counsel so wise that it might have […]

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Western Digital still cleaning up from the flood…

Last fall’s floods in Thailand destroyed lives and property in the Southeast Asian country, but it also hobbled several prominent companies that have manufacturing plants there. And it looks like the impact continues, if a recent filing by Western Digital Corporation (WDC) is any guide. Indeed, the impact was so great that even shortly after […]

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Soft landing ahead for Brocade’s departing CEO…

Yesterday’s announcement that the chief executive of Brocade Communications Systems, Inc. (BRCD), Michael Klayko, plans to step down resulted in the company’s stock price ticking upwards about 6%, after the news rekindled some oft-bandied speculation that the company might be positioning itself for a takeover. Klayko — who has led the company as CEO for […]