Check Yourself Before You Logitech Yourself
Logitech (NASDAQ: LOGI) sells a wide range of mouse controllers, webcams, and other consumer electronics peripherals. The one accessory it didn't market -- until this week -- was a rug puller. Shares of the Switzerland-based icon plummeted 11% on Tuesday after the company announced that longtime CEO Bracken Darrell was stepping down.
Corner offices go vacant from time to time, and it's not always a deal breaker. It is different this time. There are three red flags to watch out for when a CEO resigns:
Unfortunately for Logitech and its shareholders, this exit checks off all three of the boxes. Let's see if this wired rug puller also comes in a cordless version to make it easier to maneuver around.
Source Fool.com
