When two C-suite level executives resigned within a day of each other from a publicly traded company, Nardello & Co. was retained by a strategic investor to help provide some clarity on the many rumors that ensued. With the stock in distress, our client needed intelligence on whether the company was covering up accounting irregularities and/or other damaging information.
Speaking with confidential sources, including industry journalists, labor leaders, competitors and others, we determined that the resignations were due to personality and philosophical differences with management rather than underlying problems with the company.