FixNix Blog

"Hide those whining under carpet" will not work anymore

Jan 27, 2018 4:51:39 AM / by Shanmugavel Sankaran

Started the day with this news about a great multi billion $ data center and hosting company Equinix.

Equinix CEO Resigns Following Mishandling of “Employee Matter”

Redwood City, Calif. – Equinix, a Redwood City-based owner and operator of data centers in 48 markets, said that Steve Smith has resigned as its CEO after “exercising poor judgment with respect to an employee matter.” The company did not elaborate on the specific incident.

Executive Chairman Peter Van Camp has been named interim CEO while the company searches for a permanent successor. Smith had led the company since 2007. "The board gave this matter the deepest consideration and recognizes the many contributions Steve made over the past 11 years,” said Van Camp.

"I also want to emphasize that this action was not related to the company's operational performance or financial condition, both of which remain strong.” Van Camp previously served as the company’s CEO from 2000-2007, and has since served as its executive chairman.

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Don't continue crib or try to hide those as water cooler talk as petty whining under the carpet.

Wake UP !!! is the only piece of advise we have for you

Topics: SAAS, SEBI, SEC, Securities and Exchange Board of India, Securities and Exchange Commission, securities regulation, sexual harrasment, whistleblower, Blog, Corporate Governance, Dodd Frank, employee matter, equinix, ethicspoint, non compliance

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