CEO, CFO, CMO all left within a few months. Does anyone know what’s going on there?
I can’t even remember the last time Symantec was good...
1998
The board is taking over due to some unhappy events the last two years.
You must be new to Symantec, it saw 4 CEOs between 2011 and 2015. This is very normal for them.
Just our seasonal wardrobe change to match the summer. No biggie.
Seen 7 CEOs while I have been at Symantec. I think we going down the tubes and all the interim CEO says is "sell more and we need to cut more, we can grow the business and cut!"
The temporary CEO screwed over their employees.
The official story I heard is that he quite to take care of his dad who is sick.
That’s the official story but what’s the inside story? Jumping off a sinking ship?
Nope it's the board cleaning house, not happy with the performance. They have done this last 6 CEOs at Symantec. The new CEO I think was one of the board members that the activist investors put in last year after the accounting scandal broke.
It's funny how they all cash out. It's a money machine for the leadership
It’s part of their on boarding agreements filed with the SEC. plenty of cash and BC leadership leaving in August when they vest. It’s a virtual career for some.
We think anther round of layoffs is coming soon but not sure. Lots of people starting to job hunt and accepting offers.
It has been in a downward spiral for a few years.
Few is understatement