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The publishing world buzzed at Meredith Corporation’s (MDP) August 2 announcement that John H. (Jack) Griffin, Jr., the President of its National Media Group, was leaving four days later “to pursue another opportunity.” News leaked – even before an official announcement was made – that Time Warner, Inc. (TWX) had tapped Griffin to become Time, [...]
Maybe it’s something in the water? A couple of days ago, we reported the multi-million dollar departure of an executive from a Bermuda-based energy company. Today’s post – about a different company headquartered on the tiny island – also involves a send-off worth millions of dollars. On August 26, AXIS Capital Holdings Ltd. (AXS) filed [...]
Just over a month ago, Energy XXI (Bermuda) Limited (Nasdaq: EXXI) announced a management realignment. Headquartered in Bermuda with an office in Houston, the company’s stated goal is to “acquire and exploit producing oil and gas reserves,” primarily in the Gulf of Mexico. Characterized as a “streamlining of the organization,” the management realignment included the [...]
While the changes in the executive ranks at Lorillard, Inc. (LO) were announced last week, we thought the company’s 8-K and its attachments deserved more attention than they got in articles such as this one. As a brief recap, Lorillard announced that CEO/President Martin Orlowsky will step down on September 13, 2010; a few months [...]
Just over two years ago, in May, 2008, Knight Capital Group, Inc. (KCG) acquired Libertas Holdings, LLC, described in this 8-K as “a leading boutique institutional fixed income brokerage firm.” In addition to acquiring a firm, Knight brought in Libertas’ founder and CEO, Gary Katcher, as a new member of its management team. At the [...]
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