David M. Davis Credit: Global Eagle Entertainment
PARIS — The Feb. 21 announcement by aero- and maritime-connectivity provider Global Eagle Entertainment that its CEO and CFO would be leaving the company, effective immediately, caused GEE’s stock to plummet by 26%. What happened?
GEE has given no explanation for the departure of CEO David M. Davis, leaving investors to infer what they could from the fact that he company agreed to a $1.09 million cash payment to him, plus his full 2016 bonus and a three-month consulting contract with GEE valued at $150,000.
GEE later said . . .
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