Mike and Ray, Mike I agree the shake up is a good thing, I was actually walking around late last night thinking that this sort of thing needs to happen, to deal with the issue of management's credibility. Ray I agree, seeing the founding father of the co. jump ship, marks the end of an era, and in this case the loss of a creative force. Mike I concure with your thoughts, concerning the CFO. Also you need him until his replacement is found. I have to feel for any management in this situation though, the pressure of finding a way to put a good face on extremely disappointing earnings must be intense, especially with Wall St.'s expectations to preform, always being so high.
Mike's thoughts
As to the CFO, I think it's too early to call. There's always the possibility that the Board and current CEO felt that he was 'under orders' and is therefore innocent, but I feel that misses the point. His credibility on the Street seems shot to hell, and restored credibility has to be at or near the top of CTXS' objectives.
It seems more likely that the new CEO will insist on naming his own guy to the CFO slot, which will give the current CFO a much more graceful exit from what is now a very, very ugly stew.
This is a very positive FIRST step. Now let's see who they can recruit to get the show back on the road. Mike Doyle
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