Scalper1 News
The sudden departure of Rackspace Hosting’s (RAX) CEO sent the company’s stock down Tuesday after the cloud computing service provider late Monday reported in-line Q4 earnings and forecast in-line 2014 revenue. Rackspace CEO Lanham Napier, 43, said he would retire to advise startup companies. Graham Weston, Rackspace’s co-founder and chairman, will serve as interim CEO. Napier plans to stay on as a consultant during a transition period, the Scalper1 News
Scalper1 News