How many feel they bought this company to let it fail and writing it off as a tax loss? Some big corporations do this.
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They don’t just hire a CEO in 5 days. Jobs like that takes weeks to months to fill with the right person, get approved by the board, etc.
So the CEO just sued his former company and claimed he was fired January 29. He was announced Feb 2, so less than a week between jobs. This means that either the company hired him immediately and did no due diligence (bad management) or they knew what he did and hired him because of it, setting him up to be the fall guy for when the company does poorly.