This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

It's a Red Flag When Billboard Doesn't Even Know Who Pandora's CEO Is

NEW YORK (TheStreet) -- Pursuant to Monday's Pandora Needs to Fire Its CEO Or Hire Someone to Help Him, I stumbled upon something funny but equally as instructive. In fact, I'd go so far as to call it a red flag for investors. 

Billboard sent out its daily bulletin with the latest in industry news. The latest edition (Here's the link from Monday night, which might be corrected or updated by now) led off with a story I'm not going to make much of simply because I don't think it's that big of a deal. I mean I could make it a big deal, but I have enough on my plate with Pandora (P - Get Report).

Anyway, here's the headline:


Now last time I checked Tim Westergren is Pandora's co-founder and former Chief Strategy Officer. And, unless Billboard knows something the rest of us don't, Westergren isn't about to become CEO because Pandora has a CEO. His name is Brian McAndrews. In fact, Westergren once told me that hiring McAndrews from the impressive pool of CEO applicants Pandora fielded when the great Joe Kennedy stepped down was a no-brainer.

Anyhow, an obvious typo from Billboard. Given the magazine's excellent reputation and continued solid work, they're allowed to make a mistake. Or, who knows, maybe it wasn't a mistake. Either way, it's telling that both the headline and the story about Westergren got through, I presume, multiple people and nobody said, Wait, Westergren isn't CEO. McAndrews is.

I'm telling you this guy is having such a weak impact it's tough to remember that he's the one who apparently runs the ship at Pandora. Not good. He's a culture-crushing hollow suit with his own office and no vision beyond the obvious and established

--Written by Rocco Pendola in Santa Monica, Calif.

Rocco Pendola writes for TheStreet. He lives in Santa Monica. Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.

Markets

DOW 17,596.35 -350.33 -1.95%
S&P 500 2,057.64 -43.85 -2.09%
NASDAQ 4,958.4680 -122.0370 -2.40%

Rocco's Tweets

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
Real Money Pro

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Trifecta Stocks

Trifecta Stocks analyzes over 4,000 equities weekly to find the elite 1% of stocks that pass rigorous quantitative, fundamental and technical tests.

Product Features:
  • Model portfolio
  • Trade alerts
  • Recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Growth Seeker

Bryan Ashenberg, using sophisticated stock screening and fundamental research, identifies potentially explosive small and mid-cap stocks.

Product Features:
  • Model portfolio
  • Small-cap and mid-cap focus
  • Intraday trade alerts
  • Weekly roundups
Options Profits

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
Top Rated Stocks Top Rated Funds Top Rated ETFs