From Bofin to Bafoon
the Don is Gone
Violin cuts strings with CEO: Don Basile axed post-IPOcalypse
Violin Memory has fired its CEO Don Basile as the company's shares slumped more than 60 per cent following its IPO and horrendous quarterly financial results. According to a blunt statement from the storage biz, its board, led by chairman Howard Bain, decided "to terminate Donald Basile as chief executive officer". Bain is now …
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Biting the hand that feeds IT
