No real surprise. Earlier today Vonage (VG - NYSE) announced the resignation of its CEO Michael Snyder. After a series of serious mis-steps, a patent battle with Verizon which could lead to bankruptcy, the company has temporarily turned to its Chairman, Jeffrey Citron to fill Snyder's shoes. Citron who owns over 30% of the company has more than his hands full. Is there really anyone out there that could right the ship?
Stay tuned, but I wouldn't bet the ranch on it.