Carbonite (CARB) CEO David Friend admits the decision to withdraw from sponsoring the Rush...

|About: Carbonite Inc. (CARB)|By:, SA News Editor

Carbonite (CARB) CEO David Friend admits the decision to withdraw from sponsoring the Rush Limbaugh show after the radio host called a woman a "slut" on the air didn't pay off for shareholders. CARB's Q2 results missed growth targets and its stock price fell 15%. Friend says that while he stands by the decision, the move caused "a bigger hole in our revenue than we thought."