I belive this statement released by TIVO’s soon to be former CFO might be the best example I’ve ever seen of a one sentence, over the top spin job:
“In light of the company’s recent accelerated achievement of its profitability target, its very strong financial position, and the successful transition in CEO leadership, I feel that this is the right time for me to turn my attention to new and different pursuits.”
David H. Courtney, who became TIVO’s CFO in 1999, is resigning from his management roles at the company in early 2006.
I don’t know anything about this guy. What I do know is that TIVO is fighting for its life right now, and major executive turnover probably isn’t good news.