The 'Oprah Effect' can't fix Weight Watchers' biggest problems — and shares are tanking (WTW)
Photo by Richard Shotwell/Invision/AP
Weight Watchers shares are crashing after the company announced CEO James Chambers is resigning.
Shares fell as much as 8% in after-hours training on the news, which comes at an uncertain time for the brand. Weight Watchers will commence a search for a new CEO.
One year ago, investors scurried to buy Weight Watchers shares after Oprah bought a 10% stake in the company and said she would join its board.
But investors were overlooking some of the company's biggest problems. Читать дальше...