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Check Yourself Before You Logitech Yourself

TheMotleyFool

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Check Yourself Before You Logitech Yourself: https://g.foolcdn.com/editorial/images/736457/gettygamer.jpeg

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

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