…is pretty fucking stupid, let’s be honest here.
Recall last year there was a situation with the chairman of Indian auto parts giant Sona Comstar. A different industry. Different circumstances. And yet the company’s stock price took a beating after news broke that chairman Sunjay Kapur was suddenly no longer in charge of the manufacturer.
Yeah, Kapur swallowed a bee while playing polo and died of anaphylactic shock because the fucker stung him on the insides. But the market reacted to the sudden removal of the Sona Comstar’s CEO same as it did with Nvidia’s: The stock price tumbled, dropping 8 percent the next day. Comstar’s buyers also took about a 1 percent hit, though it’s difficult to tell if it was solely Kapur’s death given that convicted felon President Trump was also in the midst of another one of his tariff tantrums.
Shares of Sona Comstar are up 81 percent in the nearly 17 months since Kapur’s death. The company and indeed the auto manufacturers who depend on them to continue production of the parts they need to keep their factory lines churning weren’t stung all that badly (tee-hee).