Wall_St_Geek

E*Trade: Hindsight with Binoculars

I'm long E-Trade, but this article is a bit of a stretch....in particular:

"but the fact that the company has had a management facelift would be a more compelling reason to believe that a turnaround is in progress ahead of expectations. "

I don't think we have seen much of a facelift. Although the CEO has changed, the general counsel and CFO resigned - with no clear succession plan. If they had been "asked" to resign, there would have been a clearer plan in place, rather than just "interim" appointments.

Although the Street is tough for employment at the moment, I think the potential exodus of talent is going to be one of the bigger risks to the company. The last thing they need in the middle of a turnaround plan is institutional knowledge walking out the door.