Rob Glaser Should Resign More Often

RealNetworks, Inc. (Nasdaq: RNWK) shares are surging today following yesterday’s announcement that CEO (and founder) Rob Glaser would be stepping down. He was never considered to be a particularly poor CEO, but the market clearly likes the idea of someone else taking the helm. There’s no word yet on who that might be.

The buzz is that RealNetworks, Inc. is looking to make a slight shift in strategy, and possibly take a more streamlined and methodical plan in terms of growth; the only real criticism of Glaser has been his so-called ‘shotgun’ approach to growth and new markets or products.

RNWK shares surged 9.0% today, though the move carried them back to a key resistance line; this rally could end abruptly.