Shareholders on the edge to further pressure Zscaler CEO?
A group of shareholders planning to approach Zscaler board
The two worlds could not be more different. On one hand, there are ongoing negotiations for selling Zscaler, which are progressing well (or not - see the update). On the other hand, there are major investors on the sidelines growing increasingly anxious by the day. Today, we'll pause the former discussion and focus more on the latter. We've received an early draft of a letter to the board that requests a review of Jay Chaudhry’s compensation and calls for a faster strategic review. Although these measures are well-intentioned, we believe they serve as distractions. However, isn't a little distraction sometimes what we seek? Don’t we often go on vacation just to find distraction? So, consider this a break from the Broadcom acquisition drama. We are posting the draft shared by our source in full. We can also hear a virtual paper shredder discarding the letter just as quickly as it came, now Jay does virtually control Zscaler. Ready, enjoy.
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