There was a time I was a shareholder of a company. Despite years of asking for their annual stay, I wasn't given any and told to pop by the office to view the physical copy. The copy should not be removed from the office. Does this sound right? Years later, they filed for bankruptcy and told every shareholder they're not getting anything back. 

Super Micro Needs a New CEO Before Its AI Advantage Erodes

The AI-server maker needs change at the top to recapture the trust of investors and customers. Super Micro Computer Inc. was an early beneficiary of the artificial-intelligence boom. But with the server maker under an accounting cloud, Super Micro now needs its chief executive to step down so it can fully realize the benefits of that trend.Last week, the abrupt resignation of the company's auditors Ernst & Young marked the second time in six years under Chief Executive Charles Liang's leadership that Super Micro has been accused by of improper internal financial controls. The company faces the possibility of a second delisting, as it delayed and still has not yet filed its annual report for fiscal 2024.Liang co-founded Super Micro with his wife, Sara Liu, who is described in the company's last annual report from fiscal 2023 as senior vice president and director, and h
Super Micro Needs a New CEO Before Its AI Advantage Erodes

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment1

  • Top
  • Latest
  • SiongZ
    ·11-06
    That sounds incredibly frustrating and unfair.
    Reply
    Report