Stardate 20010927.0946 (On Screen): After years of losses, when the company appeared to be within weeks of death, Corel's board of directors finally bestirred themselves and decided that Michael Cowpland was not an asset. He was moved to a token unimportant position and eased out of the company, and new management took over -- and the fortunes of the company reversed almost immediately. Stupid business ventures were killed and the company concentrated on their core competence -- and they started making money. They have just announced their third successive profitable quarter and now look to have a decent chance of survival. Hell, to make any profit at all in the quarter just ended was quite an accomplishment. To do so with a basket case like Corel is a miracle. Of course, if I were a Corel stockholder (not a chance in hell, but if I were) I'd be asking the board why they hadn't done it at least two years before. In the mean time, I can think of a few other CEOs who also really ought to be "pursuing other opportunities".
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