On the other hand, I expect new management at SRCM to be much more competant and improve SRCM's odds of survival.
How "new" this management is may depend on your perspective. Stephen Palley is new, to be sure, but Howard Gross, the new president of the IT network, can hardly be called fresh blood. This is rather evasively worded in the PR, but Gross is was a longtime employee of Brite "until 1998", the year SRCM bought Brite. It's very likely Gross maintained his job with SRCM after the purchase, and this week simply moved into his former boss's job.
I am sure MW will say all this is really good news,
That goes without saying, in fact I'll preemptively predict that the market will bid SRCM up another 10% on the news of this resignation. By the time we're done, SRCM will have one employee (Palley) and be valued at $10 billion. |
