Board meeting. Good numbers=Happy Board.—
(@theoldcfo) March 07, 2012
Gene Morphis has been fired as chief executive officer of Francesca’s Holdings for ”improperly [communicating] company information through social media.” Twitchy reviewed Morphis’ tweets during the last year or so. He comes across as an intelligent man who spends too much of his time playing the stock market.
We’re guessing that the above tweet (posted March 7, 2012) is the one that got him into hot water. It was posted five days before Francesca’s released earnings. You can see from the chart below that Francesca’s stock had a nice run in the week or so following Morphis’ indiscreet tweet: