Opera CEO fires board members before getting fired

Wednesday, Jun. 20 2007 | Author: Griffith

Despite being a successful company, with millions of users worldwide, Opera Software has been losing large amounts of money over the years, and the share holders weren’t happy about that.

So, in a surprising, move, the CEO of Opera Software, one of Norway’s most successful high-tech firms, fired the board of the directors, when he found out that they were planning on firing him.

Even though that measure will save him his job, it certainly won’t give the company good reputation, and their shares will probably drop even lower. Would you be willing to invest in a company that does such things?

[Via Secret Diary of Steve Jobs]

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4 Responses for "Opera CEO fires board members before getting fired"

Matthew Cox

June 20th, 2007 at 8:08 pm
1

I wouldn’t invest in a company that wants to sell an internet browser in the first place. When your “competitors” are doing it better, and giving it away, well, what’s the point in charging? Guess that’s why I’m not a business major…
Griffith

June 20th, 2007 at 9:48 pm
2

At the time that Opera became free it was, in some aspects, better than other browsers at the time. I remember that at that time, I was given a free serial for it, through one of their promotions, and when I tested it out I was surprised by how well it blocked pop-ups, and with the speed at which it rendered pages.

Sure, you can install an extension or two for Firefox that will make it slightly faster, and make it block more popups. It’s extensibility is, for me, what makes Firefox so great. But if we’re just the core of the two products, Opera has some good (and bad) things going for it. At least in my opinion.
John

June 21st, 2007 at 9:46 am
3

Opera’s revenue comes from the embedded browser market (Cell phones, game consoles, etc.) The desktop browser (though it came first) is just window dressing any more…
johnnysaucepn

June 25th, 2007 at 7:00 am
4

Not true – a lot of Opera’s revenue comes from desktop searches, same as Firefox.