Deja vu all over again.
Four days ago I commented on CA (formerly Computer Associates) losing its CTO, Mark Barrenechea, just a month after losing its COO (Jeff Clarke). This morning I find out CA has now lost ANOTHER executive, this time CFO Robert Davis.
It's pretty clear from the language the Davis' dismissal wasn't "voluntary" as Clarke and Barrenechea's appeared to be; note the use of the term "mutual agreement" and the last sentence where "the Company thanks Davis for his contributions and wishes him well in his future endeavors."
I'm not close enough to the CA story to read anything more into this, but when a company loses its CTO, COO and CFO in the span of two months, coming off a disappointing Q4, I would start asking some tough questions if I were a shareholder (which I'm not in the interest of full disclosure).
Note: At the time of this writing I, and/or funds I maintain discretionary control over, did not maintain a position [long or short] in CA.
Comments