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Discover Stock Is S&P 500’s Worst Performer. It’s More Than Just a CEO Resignation.

Por: MarketWatch Business August 15, 2023

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RBC Capital Markets analyst Jon Arfstrom said the move was a surprise. “We view today’s announcement as a surprise given that the company had not previously signaled a CEO succession plan to the investor community,” he said in a research note. Hochschild “was a long-tenured leader at Discover, and given the abrupt resignation announcement, we expect shares to be under modest pressure in the near term.” Board Chair Tom Maheras said in a... + full article



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