To no one's great surprise, Joe McGuire of Tweeter has stepped down.
TWICE: McGuire Gone From Tweeter
Anybody with an ear to the ground in Retail CE, and with even a rudimentary grasp of how Private Equity works knew this was inevitable.
What makes it newsworthy is the sheer amount of vitriol generated in TWICE's comments section about his tenure. Most C-suite changes pass without comment. You really have to get up pretty early in the morning to generate the hate and discontent that seems to have followed Mr. McGuire's time running Tweeter.
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TWICE: McGuire Gone From Tweeter
Joe McGuire has stepped down as president/CEO of Tweeter
Newco, effective yesterday.
According to Tweeter chairman George Schultze,
principal of corporate parent Schultze Asset Management, McGuire was “unable to
execute the turnaround strategy.” A successor is expected to be named shortly.
No additional departures from Tweeter’s senior management team are
anticipated, Schultze added.
Anybody with an ear to the ground in Retail CE, and with even a rudimentary grasp of how Private Equity works knew this was inevitable.
What makes it newsworthy is the sheer amount of vitriol generated in TWICE's comments section about his tenure. Most C-suite changes pass without comment. You really have to get up pretty early in the morning to generate the hate and discontent that seems to have followed Mr. McGuire's time running Tweeter.
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