WSJ: ComScore shakeup came as board pushed for more cuts

Apr. 12, 2019 3:41 PM ETcomScore, Inc. (SCOR)SCORBy: Jason Aycock, SA News Editor
  • A large part of the leadership turmoil at comScore (NASDAQ:SCOR) -- whose CEO and president each announced exits on April 1 -- came in disagreements with the board over the pace of cost savings, the WSJ reports, and the board's looking for additional cuts this year.
  • Interim CEO Dale Fuller has told investors that the company would follow the "rule of 40," suggesting that top-line growth and profit margins should be at least 40%. And he hinted at acquisitions during a company town hall, though walking back those comments later, according to the report.
  • “Any suggestion that there was a disagreement over comScore’s fundamental business strategy is grossly inaccurate,” Chairman Brent Rosenthal says. “The board and [ex-CEO Bryan] Wiener disagreed on the execution of the strategy, including the operating plan; however, comScore remains unwavering in our commitment to be the trusted partner for cross-platform measurement."
  • “The board felt there could and should be a more ambitious strategy for growth and near-term profitability," one shareholder said.

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