Accentuating the caveat emptor perspective with critical commentary on financial disclosure. I adopt a skeptical persona and look for chinks in the teflon coating of financial disclosure. My job is to identify financial warts. Perhaps a Black Swan. Disclosure: I do not hold positions in stocks mentioned for three trading days before or after blog post.
Tuesday, September 12, 2006
Seagate Leadership Shuffle
Seagate Technology (NYSE: STX) shuffles executive appointments without any real public comment about its leadership strategy. Seagate recently announced that its Chief Operating Officer, Dave Wickersham, has assumed the additional role of company President and will continue to report directly to Chief Executive Officer, Bill Watkins. Previously, Watkins who is also a Director on the company’s board held the position of president. Sounds like the power structure has not changed so why bother. Then again there is the subject of why the CEO is just a board member.