He was a VP for a publicly listed web conferencing company with a similar market cap. Wrap it up any way you want but its not even interesting news. They made such a big deal with the previous CEO's sudden departure then the burnt hands story and waiting all this time for someone who could have just been hired for the same position he has experience in...
Now the market waits to see how he performs, and I think there will be some kicker announcements over this quarter and he may be integral to them, but the money left today partly for profit partly because it was an underwhelming announcement. Blaming traders is a weak argument.
Ann: Appointment of Sean Hehir as CEO, page-510
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