COO

Important_Fail2478

I'm laughing too hard at this. Previous company I worked for would only hire from banks. The results were a rotating door. Candidates would come from a loose 9-5, late 10-20 minutes was normal and hour lunches with same extension. I asked their daily routine at of curiosity. "I go to my desk around 9 and put my headphones in and sort my emails for an hour. Then I would send a few replies, if any, then process the audit-style paperwork(digital). By that time it's lunch and I hang out with coworkers or my husband/SO/wife joins. I head back to the office and finish my auditing by 3 or 4 and watch videos until the next day. Anything new comes in, that's a tomorrow issue." Then come to our circus, work starts at 9am. Generally 10 minutes before there is a handful of overzealous coworkers impatiently waiting for answers or something to be processed asap. Most days, fast pace and pretty stressful as we have real people (customers and coworkers) waiting down the hall. We would work through lunch or eat at our desk. When the wonderful day is nearing its end the real fun begins. Closing reports, double-check the work done for any same-day corrections, send out closing reports to the company including CEO/CFO/COO. Then make sure the office is out back in order then lock up and leave. Start time 9am and end time is end of business (usually 7pm to 11pm). Very few last at the job but ye, let's hire people from the bank.

sendtoptilmir

Quite an impressive resumé that gentleman has! And he obviously has done a good job as COO. Algo’s probably sold on “new CEO” helped by that completely randomly timed downgrade to below yesterdays price barely two days before earnings. But a little at 62,5 and hoping it’ll drop a bit further cause I only had little capital available. Not exactly an unproven company. An good enough for a congressman

Agreeable_Ice_4774

Wiz did poach ZS COO. Sometimes these moves can support potential M&A down the line (i.e. ZS buying Wiz). What's surprising is we haven't seen large M&A activity in the space. Mostly nibbles here and there. I am betting one or more of these players will become very acquisitive as the interest rates cool and their shares rocket.

lumpy-possum

You're right, they get a corner office and sit there playing solitare all day because their daddy was COO in the 80s

Xazier

This is how most manufacturing companies are run. Quality and regulatory don't fall under the same o chart as manufacturing/operations. I'm assuming Boeing on paper is too, but they just give the quality org a ton of pressure from the CEO/COO, it's just garbage executive group, I'm assuming the quality org is lead by someone with no balls, and his org is gutted so they can't really impact anything anyway.

NewspaperNo5469

Yo GME COO STEPPING DOWN IS THE STOCKK GONNA DIP OR RISE ?

_tyrone_biggums

[https://www.secform4.com/insider-trading/1690820.htm](https://www.secform4.com/insider-trading/1690820.htm) In the past year, there’s been insider sales totaling $16,743,443. The past month has accounted for $11,626,598. Most of these were earlier this week, including the CEO, President Special Projects, “See Remarks” (🤷‍♂️), CFO x2, COO, Chief Product Officer, VP of Acct, and Chief Brand Officer. All sold between $79.37-$86.31. https://preview.redd.it/3drndjvjglsc1.jpeg?width=1620&format=pjpg&auto=webp&s=e0337aa6426f3156f4d8f3ada9506d846d7dff73 May be a big nothing burger, considering they have quite a large number of shares each.

xRICHxPIANAx

GME COO resigns

_Woken_Furies_

lol, they need to learn from the master https://youtu.be/XWqycBMUFA0?si=usjwq2KLF4D1COO6

cbusoh66

I wish I can dig the survey, but it found engineers make excellent COO's and lousy CEO's

Many_Masterpiece_841

Because the insiders just took a ton of their investors money. CEO,CFO,COO just cashed in millions.

Friendxx

ya'll know this is just a piggy bank for the CEO and COO to cash out their outrageous stock options worth close to half a billion right? for a company losing money for 19 years straight, this is nothing but a scam.

Friendxx

lol this is a scam from day 1 to rob retail investors to enrich the CEO, COO, and their private round investors.

TechnicalInterest566

>Reddit COO Jennifer Wong also disclosed that she sold 514,000 shares and now holds 1.4 million of the company’s shares. Selling almost 40% of your shares at IPO, holy shit.

CaptainCAAAVEMAAAAAN

> Earlier this week, Reddit disclosed in a corporate filing that **CEO Steve Hoffman sold 500,000 shares**. Ben Silverman, VP of research at Verity, told CNBC the move was expected and represents just “a portion of his holdings.” > > **Reddit COO Jennifer Wong also disclosed that she sold 514,000 shares** and now holds 1.4 million of the company’s shares. Execs selling shares right off the bat is always good news for investors. /s

Able_Web2873

Reddit, $RDDT, insiders have been selling stock after the IPO. CEO Steve Huffman sold shares worth $16 million, CTO Christopher Slowe sold $6 million, and COO Jennifer Wong sold $16 million.

elysiansaurus

Why does the COO have nearly 3x as many shares as the CEO? Who the hell is Jennifer Wong

tkasp12

Wow. Insiders sold millions in shares today, they had no lockup! CEO sold 16m, COO sold 16m, etc… they had a deal that they could sell shares upon offering.

potsmokinghippi

CEO Steve Huffman sold over 1M shares worth $32M, CTO Chis Slowe sold $6M, COO Jen Wong sold $16M No position

Iroc_DaHouse

Yes definitely cooked books but that was my point about how the chefs of the books (CEO + COO + several others) were fired. Plus the equity was taken away from them. New owner, new management, new company.

Iongjohn

easily just free data; COO of openai (basically) admitted to scraping youtube videos for the sora model and thats 100x newer than gpt-4 lol

shortsteve

BA CEO stepping down. The new CEO, Stephanie Pope, was the former CFO and now COO, wait what? The actual bean counter for the past decade will now be the new CEO. Not the company culture change we wanted.

AssinineAssassin

Lol. Boeing “we have a major flaw in our manufacturing. Let’s put our current COO in as executive!”

Mighty-HeaIthy

Just wait for ER, it will be a bloodbath. I’m a long time Tesla bull, I’ve probably traded Tesla more than any other company. Did you even listen to the report last time? Elon & COO literally said it will likely be a bumpy/down year.

thezenunderground

Daaamn.. The Dutch Bros COO sold 36,000 shares on the 21st and then they diluted the next day?! That's some psychopath shit right there lmao

CascadiaRocks

Not to mention that each hospital is a separate business, each with CEO/COO/CFO/CMO/etc., incorporated in a manner they can BK that location without affecting the mothership. As a result, there is nearly zero economy of scale where it does not line their pocket.

No_Communication8613

I want to see if we can start this conversation again. I think there is potential for squeeze but things not look promising for this company. https://finance.yahoo.com/news/insider-sell-soundhound-ai-inc-055407551.html The COO sold shares last week which lead to this recent drop. I might be wrong but it looks 36 million shares shorted with limited time to recover. Is this thing dead anyone still chasing it?

grip_n_Ripper

Potentially dumb question, but what's a COO? Best I could do was crazy office occupant or cooch oggling optometrist.

STONKvsTITS

Whenever I hear this word this reminds me of my ex - COO who used to wear that when he came to work on a bike 😂😂 and bragged about how sexy he looks

Friendxx

This piece of shit stock gonna crater. All the "vip" redditors cashing out now to ignorant retail investors who are going to be left holding the bag. CEO and COO already cashed out 1m shares at the IPO. Rest of employees and hedge funds gonna cash out when the lock up period ends, which will totally crater the stock. Plus the company failed to make a profit in 19 years, which is totally pathetic. don't be left holding the bag guys.

fonistoastes

Do we actually think the CEO and COO will take a pay cut after going public? That seems counterintuitive to that type of person's normal behavior. I'd expect them getting bonuses before taking pay cuts.

larrykeras

How do all the radical marxist antiwork redditors feel about the CEO of their website earning $193M in pay last year, and the COO $93M

future_luddite

Rddt COO says that their advertising platform is “still early”. Just because it’s poorly developed doesn’t mean it’s early. 

Friendxx

Total scam stock timed to rip off retail investors chasing the current market euphoria. The company posted a net loss of around 100m last year, while the CEO and COO were paid a combined 300m. You do the math. Does the board of directors look like they give a shit about shareholder returns? Nah. Reminds me of the old school stock scams where it's nothing but a piggy bank for executives to cash out their stocks. Every once few years you see a crop of companies like this, preying on retail investors.

Moon_Rose_Violet

>Reddit COO says platform “incredibly important” for training AI RDDT to 1000 folks it’s gonna bubble

MisterBing18

Reddit’s COO is as awkward as a redditor

Misuses_Words_Often

I dump 90% in to VOO, and 10% in to COO.

sockalicious

Boeing COO Dick Tinibussi

Square-Watercress-55

They also hired Asha Sharma Instacart COO to co-lead AI. Not sure what game changing AI research she has done. To me these seem like attempts to see what sticks. Definitely way better than what Google is doing but I would think twice before declaring MSFT as preemptive AI winners

9A69C889E0122099

COO of Nikola.

Creative_Ad_8338

CEO and COO of Reddit are making like $193M and $93M respectively. But yeah they just need to go public to profit. 😒

SpareMark1305

1). It is just under the radar. There is a group on CEO.CA & Stocktwits. I got on Reddit to spread the word and hoping I'm looking for a new bioplay soon. 2). Ken Kovan, COO, is on LinkedN. I deep dive stuff & Passin has been active in Mongolia. I believe he married a Mongolian woman in 2017. There are YouTube interviews with him and a few articles if you Google. Passin has a Twitter, but doesn't really tweet. He has been called a renegade & Indiana Jones. Old article about uranium shows this level of profitability. 3). The $1 million did acquire, but also Horizon (creditor) gets $25 million (basically on sale) or if their profit sharing is bought out, and there are milestone payments etc. They also got like 3.7 million shares which we estimate (my husband and I) will go for $1-$5 - depending on the sale amount. That could put them around $40 million. I don't know if he had a connection or possibly Maxim Group investment bankers did. The lender will be happy to get their $25 million back. Although we have done well with biotech plays (Ocugen, Prog), this would be the penultimate one. We first bought BVAXF at fifty cents & have been accumulating for a couple years. Hard to dig a pennystock out. But I really believe Passin has been searching for a failed biotech to merge into bvaxf. This one is a crazy synergistic fit. My spouse is a rather brilliant scientist (non-medical). I found the stock originally and he ran with it accumulating (had a feeling). So partly me, mostly him, and, if it does what it appears to be doing, a bit of luck. I'm on my phone & can't see your original post, but will check it in the am again. Obviously you never know with Biotech, but having played in it a lot, this one is certainly different. I've been screaming acquisition as I see this as their best option, and the tweets lately from bvaxf are backing that up. I think it could happen soon but spouse did think longer but now thinks 2024.

edwr849

COO of Lordstown motors

MegaDonkeyKong666

I was more focused on fundamentals, I don’t think it’s down to oblivion. You will get activist investors as well as other investors who will just kick out the CEO and COO and go lean. Reddit is probably going to start having a bright future. Just got to clear all the crap and froth first

argparg

COO of Lime

sablerock7

Replacing him with the COO from Cruise? I wonder who will be his successor, the COO from Fisker?

Investomatic-

I think the BoD would have a significant issue with C-suite expenses not being approved by the CEO or some cases COO. CEO needs to answer for this.

According_Welder_714

Thanks for the write-up. What are your thoughts on the many insiders selling significant amounts of shares over the past month? Never love to see a CEO & COO both sell 3/4 of their shares. Do you think this is just profit-taking or is the executive team signalling some trouble ahead?

Difficult-Mobile902

Look at their executive compensation. If you give this company your hard earned money you deserve your losses- CEO $193,000,000 and COO $93,000,000 ONE YEAR OF SALARY. A slap in the face if I’ve ever seen one 

quesoandcats

>*In connection with this offering, we and all of our directors and executive officers, the selling stockholders, and certain other record holders that together represent approximately 82% of our outstanding Class A common stock and securities directly or indirectly convertible into or exchangeable or exercisable for our Class A common stock are subject to lock-up agreements* It seems to include the bulk of Class A stock that currently exists. Im not sure how high up the food chain you have to be to be covered by it, but it seems to say that only 18% of existing Class A stock can be immediately sold once the stock becomes publicly traded. There are a total of 22 million Class A shares being made available for the IPO, 15.3ish million from Reddit itself and 6.7ish million from various private investors. (1.275ish million of that 6.7ish million are shares currently owned by the CEO, COO, and the CFO that were accrued over time as part of their compensation packages) The bulk of the remaining 6.7ish million private share pool comes from 9 other named current and former Reddit employees, along with dribs and drabs from other minor investors and shareholders. So, assuming an opening share price of between $31-34 (which is the expected range according to the S-1 filing) Huffman and Wong (CEO and COO) will make between $15.5 and 17.5ish million each from the sale of the shares they are contributing to the IPO pool of 22 million, and Vallero (CFO) will make around $2.5 million. It's worth noting that only 2 of the 12 named current major shareholders are cashing out all of their class A shares, (Huffman is hanging onto 60 of the 560,000 Class A shares he currently owns). And none of the venture capital firms are. Between that, the S-1's heavy emphasis on AI data training as a future source of revenue, and Sam Altman's (the OpenAI guy) considerable stake in the company, it seems to suggest that this isn't just a pump and dump. Enough people at the top seem to actually believe in the viability of Reddit as a publicly traded entity that they're holding onto the majority of their shares.

animositisomina35

The CEO got $193 million while the COO got $93 million.

FreshlySqueezedToGo

Lmao, i used to work at hellofresh canada corporate, Ben Waugh, COO viscously mocked a company that was selling dog food in a box, because an employee had left to go there  The fact that they launched pet food is hilarious to me, their stock can go lower trust me

Ok_Violinist_2856

The older white guy next to the Sandeep Bharathi (the Indian guy). Sandeep is their Chief DEVELOPMENT Officer. The other guys are Chris Koopmans (COO) and John Pettibone (Assistant General Counsel, Global Trade Compliance). Tbh didn’t even think about this - why else would you need your fucking GENERAL COUNSEL to be in a pic with a rep from the DEPARTMENT OF COMMERCE?! SIGNING FUCKING CONTRACTS.

hurt_like_ouch

Cannabis - COO

morbob

When you have autism, you gotta be sure to get a COO, to cover your ass, when billions are involved.

Beautiful_Account_36

COO anyone ?

jsboutin

Leadership is almost always impacted in large scale layoffs. Not the CEO (obviously, they’d get booted by the board and not by management through a layoff), and generally not the CFO/COO who would be very involved in planning said layoffs, but everyone else is fair game.

purplebrown_updown

Sounds like they’re trying to pump up the stock. Makes sense cause after seeing the CEO and COO pay you realize how much they’re wasting.

animositisomina35

Reddit's CEO and COO were together paid $286 million in 2023. The company reported a net loss of $90.8 million in 2023. How will the company ever become profitable? I demand answers as a potential ~~investor~~ bagholder.

R0GUEL0KI

Funny the articles I read didn’t mention that, but you’re right. The actual SEC notice has their salaries listed as CEO 340k and COO 600k.

SethTristan

I think Eric Schmidt (Former CEO of Google has like 25 billion or so) Jamie Dimon ( JP Morgan CEO) Sheryl Sandberg (Facebook COO) Tim Cook (Apple CEO) are a few others (though they have a net worth that is 1-3 % of Ballmers and they still have a billion or more)

FNFactChecker

Because they awarded the CEO $190 million in total comp **per year** and the COO $90 million Anyone who buys the IPO deserves to lose every cent to their name

FactualNeutronStar

Or a CEO that receives 1/4 of the entire company's revenue as compensation and a COO a further 1/8.

animositisomina35

Reddit's CEO and COO were together paid $286 million in 2023. The company reported a net loss of $90.8 million in 2023. Time to sell more penile implant ads, guys.

VirtualMoneyLover

That loss was because of the COO's 93 M payment. :)

wtfreddit741741

CEO & COO were paid $286 million in 2023, 

PhgAH

that CFO earning "only" 7 figure seeing the COO and CEO earn 9 figure compensation 

LurkerGhost

The ceo and COO are both scammers.

Veredus66

New article of COO transition during this downtrend as well, looking good as hell for us.

StrikingWolf93

The COO tried to eat some guy’s nose at a college football game.

SpareMark1305

$BVAXF ($BIOV Canada). Cancer vaccines & delivery system. Just closed very sweet acquisition of all of IMV Inc intellectual property from IMV's secured creditor. IMV BK'd 2023. It has gone from 1 cent to about 6.5 cents over the last 2 months. "Crown Jewel" per COO Kenneth Kovan is DPX platform. States they are working to license out platform to other pharma. IMV was spending $20 million annually on R&D. CEO is James Passin former investment banker/deal maker type. I'm looking for a buyout by big pharma in the next 3 to 18 months. I don't see them in a position to resume IMV full R&D operations. Very much "under the radar". This will pop because of deals made to license DPX Platform, not retail. The "crown jewel" platform: https://youtu.be/Ub5Yuj-6010?si=-GOcCThoqelFC1OD https://www.investing.com/news/stock-market-news/biovaxys-acquires-imvs-immunotherapy-assets-and-ip-93CH-3301359 Interview with COO: https://cdn.jwplayer.com/previews/gR50sW5R

SpareMark1305

https://youtu.be/Ub5Yuj-6010?si=CnbOsKjTrPHk0OGo COO Kovan refers to the DPX Platform as the "crown jewel" of the acquisition. This explains the platform. Nice bump today - 32% US market & 38% Canadian.

ryanjusttalking

* The CEO, Michael Mo, purchased 75,000 shares in April 2023. * The former CTO sold 100,000 shares in June 2023. * The CEO purchased an additional 428,571 in September 2023. * Terry Keith Cochran, COO/President, sold shares in January 2024\* https://preview.redd.it/qoh6sgvyt5jc1.png?width=3214&format=png&auto=webp&s=559f3c656569b92de5df1539c2f3235e82842641 Also note, Michael Mo was granted 730,000 shares (that he could not buy or sell, or receive dividends from, and leaves his possession if he leaves the company) in Jan 2024, and have x100 voting power to prevent hostile takeover risk. ​ I can't give you any explanation for the other transactions listed here. Not that the COO/President has been consistently buying and selling shares for several years: [https://markets.businessinsider.com/stocks/insideractivitytrader/cochran-terry-keith-1150596](https://markets.businessinsider.com/stocks/insideractivitytrader/cochran-terry-keith-1150596) ​ I haven't researched the other transactions listed.

PublicCOO

Thanks OP! This is Stephen, Public’s COO, shout with any questions

im_mocking_youmoron

that 20 point drop Monday on ZS was a gift, dropped that much for their COO resigning. Got it all back and more. Dumb.

PublicCOO

This is Stephen, Public’s COO — we just launched options trading and would welcome you to give us a shot! We’re still rolling out advanced features, but for now it’s easily the best deal for trading simple strategies (long calls and long puts): - No commissions - No per contract fees - $0.18 order flow rebate per contract (splitting our rebate 50/50) You can see more in this thread here: https://www.reddit.com/r/options/s/bwT0zuTJtD Shout with any questions!

Easy_Investigator834

No, it would make you a majority shareholder, typically in bi-laws there’s limitations on how much one individual or entity can own. If you did that, you’d have to file documents with the SEC and then get thru the board, COO, CFO, CEO and probably win a vote by all those individuals to be able to own the company or be on the board of the company… lots of legalities and you’d probably have to hire a very expensive attorney or team of attorneys to make all that happen. It’s not as simple as just buy all the shares and become owner.

nateccs

its right on the trendline for the lower channel, still might be a chance. but yeah that was a solid dip to buy calls off. i suppose the investor sentiment is speculation that the COO left because of some trouble.

im_mocking_youmoron

ZS dropped 5% because the COO resigned? Wow, dumb drop. Should have bought calls before close for an easy bounce

chezterr

I honestly believe the speculation that Elon is grooming the next CEO…. Tom Zhu… Elon can remain the ‘visionary’ of the company.. just as he has done with SpaceX, handing the COO and President reins to Gwynn… Then Elon can be as weird as he wants to be on X…. Whatevs….

j__p__

There's no such thing as board independence, especially at companies with Founder-CEOs. Founders own a huge % of the company and therefore have the most voting power. Board members are elected by shareholder vote, meaning founders have the most power to get board members elected. Board members have the power to oust CEOs. Naturally, founder-CEOS place their allies on the board so they can maintain control of their company. No founder is going to put strangers on the board for the sake of independence. Companies with dual class shares, e.g. Zuck at Meta, have an even bigger problem with independence because founders like Zuck can single-handedly elect whoever they want to the board with no opposition because he has >50% voting power. Meta's board is all hand-picked by Zuckerberg and has members such as: * Sheryl Sandberg, Zuck's former right-hand woman and COO at Meta * Peggy Alford, CFO of Zuck's charity * Marc Andreessen, Zuck's VC partner for Meta since its start-up days * Andrew Houston, CEO of Dropbox and well-known friend of Zuck

Atropa_Tomei_666

Meta's CFO and COO have been offloading stock lately, that's gotta be a bad sign

ShrodingersRentMoney

If capitalism wasn't just pseudo-feudalism, the CFO should be the one getting laid off. Incredibly undisciplined of them to overhire in that manner, even if capital was cheap at the time, and the COO should have warned CFO of how the businesses actually work, and where their next "rising star" product was likely to come from.

trebuchetty1

Disagree. Debt hasn't changed (it's actually better by a bit) and the CEO (Vita) leaving was telegraphed a long time ago during the \[now cancelled\] merger with Cresco. The fact that the COO has stepped into the CEO role is a positive sign, IMO. A good chunk of their current debt is due to the build/scalling out of their footprint. I'm sure there's still more to spend (isn't there always...), but Vita was pretty clear that they had front-run a lot of their expansion and all the new states coming online won't require much more/any capital to launch. Their footprint is pretty good.

Loose_Screw_

I mean, you're not really a traditional trust fund kid if you're actually still involved in running the business. I'm guessing as COO you aren't run off your feet but I'm guessing you still have some decisions to make on an average week. I think the people who really rile average people up are the literal 24/7 hedonists who don't have to give a fuck because of their birthright. Not that they care what we think. Also, Roman Roy, is that you? 😅

Frankfurter_i81U812

It's a question I ask myself constantly. And it changes obviously depending on so many situations. So, from where is the $ generated first. Dividends on stock holdings of the portfolio (This number stays pretty much the same) The % of earnings on stock holdings (liquidation and reoccurring investments, IDK honestly a guy does it) Triple tax deferred bonds. Private Investment returns. The largest part comes from the family corporations earnings. I am also the one who ended up running the majority of the corporate subdivisions as well. So I'll give you a quick peak into it. I have the second largest draw by percentage (23.25%) The smallest draw is like 2% Regardless of the actual amount available, I keep 112,600.00 per quarter, and the rest is reinvested. As COO and 40% owner of the corporation, I also draw a salary so I don't take more than I need. The lowest the quarterly draw available has ever been is roughly 150k, the highest (all recently) closer too 260,000.

Terrible_Champion298

I like this guy. The answers are honest and reflect that there are actual mechanics to all these things, and he’s not hiding that this is all new for them within the Public framework. [applause] P-COO, want to be a hit? Fidelity does this thing where they’ll manage a government money market account (SPAXX) as if it were a sweep account. It currently pays ~5%. This is very popular and interesting to many. Also Schwab taking over TDA and selectively disallowing ToS is unpopular, and some people just don’t like Fidelity’s ATP program (although the latter may be Really Wrong). Marketing hints. Best of luck to you. 🍀

eyerollingsex

You guys know the Rodger Goodells brother, William Goodell, was the COO of Maverick Capital who has early ties to Sam Altman. [Source](https://www.bloomberg.com/news/articles/2023-05-18/maverick-capital-reveals-early-ties-to-chatgpt-s-sam-altman) His other brother is a VP at the Hess Corporation, the same Hess that owned the New York Jets when they won the Super Bowl in 1968 season. Also in 1968, RFK was shot. You know who replaced RFK in his political seat. Rodger Goodells father

moneyorangeapple

Perhaps they need a strong COO.

PublicCOO

This is Stephen, Public's COO. Here for any questions etc!

PublicCOO

This is Stephen, Public's COO. Happy to answer any questions / help with anything!

Ordinary_dude_NOT

Anyone who has watched “who killed the electric car” documentary should know how much Elon was in trouble during that time. Tesla was in big trouble. He had an invisible hand in the form of Gov to subsidize/support his companies, Tesla and SpaceX both. SpaceX success is solely because of Gwynne, who is President and COO. She is the one who was able to earn those sweet Gov contracts which others had failed in private industry. Without that SpaceX was fucked. Similarly US Gov introduced incentives and subsidies on electric vehicles which helped Tesla break cover. And Elons contribution? He literally made production halt in factories of his genius ideas to fully automated and speed up his factories which led to several disruptions and his operations lead taking a leave for several months due to extreme stress. He also had engineers remove radars and move to pure vision for FSD, a disaster which has caused FSD to become most unreliable in the market right now. His leads on AI managing FSD have recently left the company as well. Only reason Tesla and SpaceX are where they are because they have competent leaders who actually care unlike Mr Elmo.

BradleyTannerFRMDAO

CFOs have little to nothing to do with distribution. That would be your sales/marketing (report to CEO) and logistics teams (report to COO). I'd rather bring no information to the table than regurgitate false information that I didn't bother to verify, like you do. That makes you look significantly more idiotic in my book 🤷

trebuchetty1

I think they lagged yesterday because they announced that Vita was stepping down as CEO (but remains on the Board of Directors). The positive to this is that the current president and COO is moving into the CEO role, so it should be a smooth transition.

trebuchetty1

This might be why Cannabist (CBST) lagged the sector today: [https://ca.finance.yahoo.com/news/cannabist-company-announces-leadership-transition-113000117.html](https://ca.finance.yahoo.com/news/cannabist-company-announces-leadership-transition-113000117.html) Unfortunate timing on the news, but likely not a bad thing, particularly given who's taking his place. New CEO is David Hart, who is the current President and COO for Cannabist. Should be a pretty smooth transition.

thedmob

This is COO not CFO. Kim probably choosing some to groom as her replacement.

I_Got_High

COO, not CFO.

nyc2bad

COO

LurkerGhost

His wife is CFO and COO. He's the CEO. The CAO legit got hired and left and they needed to find a new one. This company screams mismanagement and fraud and even at the luckiest point. Bankruptcy. I see posts like this every day and it still finds a way to bleed more red. So much hopium and copium here I'm suffocating

notspeedy01

rethinking of this..maybe it will happen. the incoming COO is an attorney. Maybe her reward for making the merger happen is to become CEO