Industry Moves: LimeLight CFO Matthew Hale Leaving At Year’s End

LimeLight, the deeply troubled content delivery network, said its CFO Matthew Hale will be leaving at the end of the year. The company has begun the search for a replacement. The brief statement, released at 4:30 this morning, offered no reason for the departure, though it’s worth noting that the young company has had some accounting issues, including a restatement, during its short time as a public company. In addition to business struggles, analysts have knocked the company’s financial reporting for being impenetrable, not offering enough insight into the company’s operations. In a filing, the company said Hale will receive his $275,000 annual salary for a year following his departure. Release.

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