with a change in executive leadership. In a rather surprising move, Ed Harbach was named chief executive officer, replacing Harry You . Harbach had been serving as president and chief operating officer since January 2007. We were unimpressed by the strategic
That said, the delay in filing has had little apparent effect on BearingPoint's ability to retain and attract clients. CEO Harry You has done a great job in guiding the firm through this difficult process and keeping employees focused on the projects at hand
Ethell would take on the additional role of chief financial officer. Our fair value estimate is unchanged on the news. CEO Harry You had been acting as the CFO since June 2005, and it was our opinion that a permanent CFO would not be hired until the company
under Wall Street's radar). We'd avoid Unisys UIS, which has a declining server business and a stagnant service business. We'd also keep an eye on BearingPoint BE, where CEO Harry You has a fighting chance of turning the ship around.
shareholder value in 2003 and 2004 has been revamped under CEO Harry You 's yearlong tenure. Armed with a variable compensation program ..... which the firm didn't disclose. Overall, we believe that Harry You 's done a decent job turning this ship around, and we expect
10-K by May 31. This isn't the first time BearingPoint has delayed its filings; hence, we're inclined to believe that CEO Harry You may have grossly underestimated the effort needed to restore its financial controls back to normalcy.
government), which account for 30% of its sales. Also showcased was its partnering strategy, with BearingPoint BE CEO Harry You emphasizing the value of its co-marketing relationship with FileNet in driving sales. Setting up a partner ecosystem that
BearingPoint BE held its Analyst Day recently, with CEO Harry You updating investors on the firm's anticipated financial statement ..... in decent shape. Overall, we're encouraged by the moves Harry You is making to turn this ship around. However, we'd become
raised sufficient additional financing to help it compete aggressively for deals. Overall, while we are heartened by CEO Harry You 's efforts to get BearingPoint's house in order, we'd exercise caution before investing in its shares.