Investors Warm to the New Face of Janus
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Tuesday, January 12, 2010

Investors Warm to the New Face of Janus

Richard Weil
Incoming CEO
After an initial round of head-scratching following word of Richard Weil's appointment as Janus' CEO effective February 1, investors are now opening their arms to Weil. The Wall Street Journal notes that Thursday's announcement drove Janus' shares lower by 2 percent that day. But on Monday, after investors had more time to digest the news and ponder how Weil would fit with the company's strategy, Janus shares rose 4.8 percent to end the day at $15.

"Initially, there was a little bit of head scratching regarding the news, but as people understand who this guy is and get more feedback, it has been more favorable," Stifel Nicolaus analyst Jeffrey Hopson was quoted in the article as saying.

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