Snacks vs. Cereal: Kellogg's Plan to Split

Motley Fool Hidden Gems Investing

The Motley Fool

Investing, Business

4.3 • 3.1K Ratings

🗓️ 21 June 2022

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

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Summary

Kellogg is planning to split into three separate companies, while DocuSign's CEO is just splitting. (0:25) Bill Mann discusses: - Why DocuSign's falling stock price is probably not the reason CEO Dan Springer is leaving immediately - The relative attractiveness of running DocuSign - Kellogg's plan to split into three companies (snacks, breakfast cereal, plant-based foods) and how long its going to take - Mondelez buying Clif Bar for $2.9 billion - His belief that more acquisitions are on the way and the reasons why (13:30) Morgan Housel joins Alison Southwick and Robert Brokamp to discuss how the economic challenges of the 1970s offer lessons for investors today. Stocks discussed: DOCU, K, MDZ Host: Chris Hill Guests: Bill Mann, Alison Southwick, Robert Brokamp, Morgan Housel Producer: Ricky Mulvey Engineers: Dan Boyd, Rick Engdahl Chris Hill Motley Fool Money http://motleyfoolmoney.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	I'm Chris L. Joining me today, Motley Fool's Senior Inalyst, Bill Mann.
0:25.0	Thanks for being here.
0:26.4	Hey Chris, how you doing?
0:27.9	I am doing pretty well.
0:30.9	Let's start with DocuSign because DocuSign came out this morning and announced that CEO
0:36.1	Dan Springer is leaving the corner office effective immediately.
0:41.5	Maggie Wilder-Rotter, who's the board chair, is going to take over as interim CEO as DocuSign
0:48.9	searches for a new leader.
0:51.5	I say this as a shareholder.
0:53.8	I'm a little surprised by this.
0:57.0	Some may not be because shares of DocuSign are down.
1:00.8	Let's just ballpark it.
1:01.8	80% from where it's high in 2021.
1:06.4	I'm feeling that pain, but I felt like the business was humming along, okay, what did you
1:18.1	think when you saw this news?
1:19.6	Because I was surprised by it.
1:21.8	I'm always cynical whenever I see a CEO or an executive leave effective immediately.
1:31.8	That means generally.
1:33.9	We don't know anything in this case.
1:37.1	Let's not drag Dan Springer through the mud just yet.
1:42.0	Usually that means there's something else going on in the background.
1:45.7	Usually if it is an agreed upon split, there is a period of time in which they work until
	...

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