Investing

Memo To BigBand (BBND) Board: Fire The CEO

TO: Lloyd Carney, Dean Gilbert , Ken Goldman, Gal Israely, Bruce Sachs, Robert Sachs, Geoff Yang

RE: Amir Bassan-Eskenazi, BigBand CEO

As members of the BigBand (BBND) board of directors, it would seem appropriate that you find a new CEO. None of your investors would have expected, especially after looking at your S-1, that the BigBand business would fall apart in a matter of months.

BigBand’s stock is now down from $21.63 to $6. The company was downgraded by several research firms. The board may have the opportunity to get things back on track, but the time is probably short. The chance of class action suits goes up each day.

Your stock chart is starting to look like Vonage’s (VG).

Douglas A. McIntyre

Get Ready To Retire (Sponsored)

Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.

Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.

Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future

Get started right here.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.