Security Advisor

Symantec Labels CEO as Virus, Removes From System

The move was made due to Symantec's underperformance.

The security software company has given the boot to CEO Enrique Salem this week and is handing the reins to Chairman Steve Bennett.

Speaking on why the company made the move, the new head honcho said the following: "My view is that Symantec's assets are strong and yet the company is underperforming against the opportunity."

And when there's no clear answer why a company isn't performing to its ability, the burden usually ends up resting at the top.

In the short-term, it looks like the move was the right one -- Symantec stock finished 17 percent higher today – and it was only his first day!

Many analysts, including Forbes columnist Richard Stiennon, believe that the company's poor showing in the security market shouldn't have called for a change of leadership, but a change in the way the company operates.

Stiennon points out that the moment that Symantec purchased Veritas, a storage management company, its focus was taken off the market that it has had success in – security.

"The primary driver is the threatscape which evolves continuously," wrote Stiennon. "New threats and new threat actors drive innovators to create new products and services. Symantec took their eye off the ball when they acquired Veritas. 2005 was way too early for a software security vendor to attempt to mature into a tech holding company like IBM or HP."

Did Symantec extending its reach cause it to lose its footing? How have you seen the company change over the years?

About the Author

Chris Paoli is the site producer for Redmondmag.com and MCPmag.com.

Featured

  • How To Remove the Windows 10 Action Center

    Microsoft meant well with Windows 10's Action Center, but the constant pop-up notifications are often more annoying than helpful. Here's how to get rid of them.

  • Google IDs on Azure Active Directory B2B Service Now at 'General Availability'

    Microsoft announced on Wednesday that users of the Google identity and access service can use their personal log-in IDs with the Azure Active Directory B2B service to access resources as "guests."

  • Top 4 Overlooked Features of a Data Backup Strategy

    When it comes to implementing an airtight backup-and-recovery plan, these are the four must-have features that many enterprises nevertheless tend to forget.

  • Microsoft Bolsters Kubernetes with Azure Confidential Computing

    Microsoft on Tuesday announced various developments concerning the use of Kubernetes, an open source container orchestration solution fostered by Google.

comments powered by Disqus

Office 365 Watch

Sign up for our newsletter.

Terms and Privacy Policy consent

I agree to this site's Privacy Policy.