Zoom Video fires president ‘without cause’

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Zoom Video fires president ‘without cause’
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Zoom Video Communications Inc. has fired its president, Greg Tomb, “without cause” less than a year after the former Google executive started at Zoom. The...

Zoom Video Communications Inc. ZM has fired its president, Greg Tomb, “without cause” less than a year after the former Google GOOGL GOOG executive started at Zoom. The abrupt dismissal sent shares of the video-conferencing software company down as much as 2% in premarket trading before they rallied. Tomb will receive severance benefits in accordance with arrangements that are payable upon a “termination without cause,” the company said in a regulatory filing. The move is effective Friday.

... Zoom Video Communications Inc. ZM has fired its president, Greg Tomb, “without cause” less than a year after the former Google GOOGL GOOG executive started at Zoom. The abrupt dismissal sent shares of the video-conferencing software company down as much as 2% in premarket trading before they rallied. Tomb will receive severance benefits in accordance with arrangements that are payable upon a “termination without cause,” the company said in a regulatory filing. The move is effective Friday.

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