Snowflake's Slootman says he's not worried about employee exodus: 'This is not a personal cult'

News of Snowflake CEO Frank Slootman's retirement sparked an 18% plunge in the company's stock price on Thursday, its steepest selloff since the data analytics software vendor debuted on the New York Stock Exchange in 2020.Slootman's departure was announced late Wednesday as part of Snowflake's quarterly earnings report, which included disappointing guidance. Analysts at Mizuho Securities wrote in a note that the stock is getting hammered "as investors digest the resignation" of Slootman, who joined in 2019 ...