Kent Newsome on technology, music and life

9/30/2005


TIVO Deathwatch: Some Mighty Good Spin

I belive this statement released by TIVO's soon to be former CFO might be the best example I've ever seen of a one sentence, over the top spin job:

"In light of the company's recent accelerated achievement of its profitability target, its very strong financial position, and the successful transition in CEO leadership, I feel that this is the right time for me to turn my attention to new and different pursuits."

David H. Courtney, who became TIVO's CFO in 1999, is resigning from his management roles at the company in early 2006.

I don't know anything about this guy. What I do know is that TIVO is fighting for its life right now, and major executive turnover probably isn't good news.

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Posted by Kent @ 9/30/2005 05:29:00 PM | Permalink

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1 Comment(s):

I disagree that the turnover is bad news for TiVo. Courtney is just as responsible as Ramsey for TiVo's lackluster performance so far. I never understood why they would allow someone with only 1 share of the company sit on their board. The company needs to change and adapt or they will be left behind. I just don't like the fact that they had to pay him off in order to get rid of him.

By Blogger Discfree.com, at 9/30/2005 8:12 PM  
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