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Not only has the company been through two failed CEO's in the last few years, but now the board is being replaced and investors have even lower confidence in the company going forward.
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A second recent example of corporate match-making was Mark Hurd's period as CEO of HP. Hurd delivered amazing financial results: cutting costs, restructuring, and turning HP into a highly accountable company. I visited HP many times during Hurd's reign and while the company's financials were strong, the culture suffered greatly.
His period as CEO were instrumental in bringing HP back to a profitable operating model after years of wandering into many adjacent businesses. So while Hurd delivered tremendous financial returns, over the long run he was not the right leader.
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