Question
Keith Olsen, CEO of telecom services startup Switch and DataFacilities Company Inc., has a problem. The company's share price has risen dramatically. From a low
Keith Olsen, CEO of telecom services startup Switch and DataFacilities Company Inc., has a problem. The company's share price has risen dramatically. From a low of $8.60 in mid March, shares more than doubled to $18.17 three months later. Further gains seem likely and Keith boosts the guidance he has given Wall Street analysts.
But behind the wild jump in Switch and Data's share price Keith iswell aware that revenue growth is slowing and debt payments and other costs are rising.
He personally owns 600,000 shares in the company that are currently worth almost $11 million but fears he could soon lose this fortune as rapidly as he gained it.
In groups, come up with a strategy to help Keith retain his recently acquired wealth.
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