It has to be a sad day when you lose your CEO title and the
company stock has its biggest gain since July 2001, 17%. Symantec has replaced Enrique Salem with
board chair Steve Bennett. Symantec
stock has been dropping steadily from a 52 week high of $19.81 to a recent low
of $13.06. Revenues and profits for the most recent
quarter failed to meet analysts’ estimates.
"While progress has been
made over the last three years in many areas, it was the board's
judgment that it was in the best interests of Symantec to make a change
in the CEO." said
Steve Bennett, chairman, president, and CEO
Salem had a 19-year tenure at Symantec, in a variety of roles.
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