Monday, August 9, 2010

Wall Street panic following CEO resignation

So HP's CEO Mark Hurd resigned on Friday following a sexual harassment allegation. Fine. But am I the only one finding it a bit odd that the HP stock would plunge almost 10% on this news? Has the future prospects of this company really changed that much just because the CEO resigned?

The stock market is increasingly becoming a freakin' casino. My suggestion is we move Wall Street up to Las Vegas while we're at it.

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