The unexpected death of Baidu.com's
Company executives aren't immortal. Medical ailments take them, as do corporate jet accidents. Young leaders sometimes find themselves in the wrong place at the wrong time, like Akamai
Death isn't a fun subject, but it's one that investors have to deal with in assessing the future of their companies. What becomes of Baidu now that Wang is gone?
I don't see any fiscal ramifications here. Baidu isn't going to earn any less next year under a new CFO. Baidu's buoyant share price and reputation as China's top Internet search engine will make it easy to land a sharp CFO.
Chief financial officer is an important position, but concerns typically arise when a CFO is booted or resigns over accounting irregularities, which is obviously not the case here. I recommended Baidu to Rule Breakers subscribers a year ago, and I have no intention of backing off the fast-growing company as a result of Wang's accident.
Not every executive is replaceable. Can you imagine Apple
Will Wang be missed? Of course. Will the company he helped take public crumble without him? Of course not. With a tailwind of healthy quarterly financials, I would see any potential market weakness on Wang's passing to be an ideal moment to buy into China's dot-com star.
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Longtime Fool contributor Rick Munarriz has been a fan of China's growth stocks for several years now, even though he does not own shares in any of the companies in this story, save for Disney. He is part of the Rule Breakers newsletter research team, seeking out tomorrow's ultimate growth stocks a day early. The Motley Fool owns stock in Berkshire Hathaway. The Fool has a disclosure policy.