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Look on the Bright Side... VerticalNet Tries to Paint a Happy Picture
VerticalNet (VERT Quote) Chairman Mark Walsh says CEO Joe Galli's departure from the company is positive. But Walsh may have to go find his former top gun if he wants someone to agree with him.
Walsh made his comments Monday following the announcement that Galli is leaving VerticalNet to become CEO of Newell Rubbermaid(NWL Quote). In the process, Galli, who was considered a catch for VerticalNet last summer, freed himself of a struggling company with a sinking stock price. During Galli's five-month tenure, VerticalNet's stock fell 91%.
But Walsh, who was proactively spreading his message Monday morning, was hearing none of that. ...
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