“We are simplifying our business in all areas – product, marketing, sales, operations and development,” said Bob Calderoni, interim CEO and president, and executive chairman. “Focusing on our core strengths and simplifying how we work with customers and partners will help us improve execution, drive higher profit and begin investing for growth in areas in which we provide the greatest customer value.”
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Anonymous202297 to be more profitable, to drive stock price up to $100 a share which Elliott Management wants so that it can then dump its stocks at a hefty profit. Welcome to the world of activist investors and vulture capitalism.
Why?