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We haven’t footnoted Northrop Grumman (NOC) enough to truly call it a frequent flyer, but when the giant defense contractor appears in these virtual pages, it’s usually a doozy. Most recently, there was the sweet retirement package for former Chairman and Chief Executive Ronald W. Sugar, with its $5,560-a-day consulting gig. And back in 2005, [...]
Meet Irene M. Esteves. Last we heard, she was poised to become executive vice-president and chief financial officer of Time Warner Cable (TWC). We hedge that statement because, if this job is like others she’s had recently, she may not stick around long. Not to worry, however — the job-hopping has been rewarding for Esteves. [...]
Companies cut jobs in the name of saving money all the time. Companies also show top executives the door periodically. But rarely do we see a company let a top executive go explicitly as a cost-saving measure, particularly one as senior as a chief financial officer. Yet that’s the dubious honor that goes to Julie [...]
This morning, Xerox (XRX) reported an earnings decline thanks to restructuring, warned of worse-than-expected results for the coming year, and disclosed the departure of Lawrence Zimmerman, its chief financial officer of eight years. Together, the news has sent Xerox shares down 7% or so in pre-market trading. But here at footnoted, we’re looking to the [...]
Last December, Sprint Nextel Corporation (S) amended its employment agreement with CFO Robert Brust so that he’d stay put for a while after his agreement expired on May 1, 2010. Sprint wanted more time, it explained, to find and hire Brust’s replacement. With more than a week left in 2010, that task is now complete. [...]
