Precisely on time, the CEO is doing exactly his job, which is to take the fall on behalf of investors. This is why these CEOs get their shares/comp packages ala “golden parachute” - precisely this right here. Ever wonder why “failure” CEOs are repeat public company CEOs?<p>Now the board can look at this they can take to Congress. They can wave it around and say “See, look, we’re taking responsibility. “We’re doing the right thing, etc. blah blah blah blah blah blah. We’re gonna hold this guy accountable and shake our fist really hard and look at this: We even put a bad story out on a big paper.”<p>It’s cost of doing business - built into the risk model for TOS and legal scope within the likely amount of payout in settlement.<p>It’s all a huge joke
I genuinely do not think Crowdstrike will suffer any long term consequences because they deliver what matters to their real customers, the CISOs of the world.<p>If one company has an embarrassing breach, it can make or break things at a critical moment. When <i>every</i> company has an embarrassing outage at the same time, Crowdstrike customers' stock will be just fine.<p>Crowdstrike stock dropped after July but the share price is still a hundred dollars higher than it was a year ago. It's going to recover. There will be no negative long term consequences for them.