Masimo shares are trading lower after COO Bilal Muhsin threatened to resign if CEO Joe Kiani is removed.
Portfolio Pulse from Benzinga Newsdesk
Masimo shares are trading lower after COO Bilal Muhsin threatened to resign if CEO Joe Kiani is removed.
July 01, 2024 | 7:48 pm
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NEGATIVE IMPACT
Masimo shares are experiencing a decline due to internal leadership tensions, with COO Bilal Muhsin threatening to resign if CEO Joe Kiani is removed.
The threat of resignation by a key executive (COO Bilal Muhsin) if the CEO (Joe Kiani) is removed creates uncertainty and instability within the company, leading to a negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100