Texas Instruments’ CEO Resigned Abruptly. Here’s Why Its Investors Shrugged It Off [Fortune]
Texas Instruments Incorporated (TXN)
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Source: Fortune
Texas Instruments Brian Crutcher abruptly stepped down for violating the company's code of conduct. Its stock barely dropped. Here's why. mark peterson Corbis via Getty Images By Kevin Kelleher July 17, 2018 It’s not everyday that a CEO resigns after violating his company’s code of conduct – and then investors shrug it off. That’s what’s happened Tuesday at Texas Instruments . After the stock market closed, Texas Instruments announced that Brian Crutcher was stepping down after two months as CEO because of unspecified violations of TI’s code of conduct. His predecessor, Rich Templeton, would take back the reins indefinitely. TI said it is not looking to hire anyone to replace him. The bombshell news had limited impact on Texas instrument’ share price, which in after-hours was trading 1% below its closing price Tuesd
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