nand-gangwani

Napster CFO quits after three years of commuting

Nicholas Carlson · 12/11/07 09:21AM

Napster CFO and VP Nand Gangwani will leave the company at the end of the year. The "personal reason" cited? A killer commute. "Mr. Gangwani has been commuting from his home in the Bay Area to Los Angeles for the last four years," the release reads. Hmm. Why are we more inclined to believe Gangwani's departure has more to do with Napster's three-year share-price tumble from $10 in 2003 to $2.36 at yesterday's close — and that his commute showed he was never that committed to the company in the first place? Last we checked, homes were cheaper in southern California.