Tag: executive exits

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High-priced sheriff to clean up the PG&E corral…
August 10, 2011—In its editorial yesterday about PG&E Corporation's (PCG) new top executive, the San Jose Mercury News declared, "There's a new sheriff in town at PG&E, and none too soon." But that talent comes with a price tag much higher ...

On-message over lucrative exit from Progress Software…
August 3, 2011—On Monday, Progress Software Corporation (PRGS) disclosed in an 8-K that Richard D. Reidy, its President and Chief Executive Officer, will leave the company as soon his yet-to-be-identified successor starts work. Since the company has only just started an ...

Upgrading an exec’s exit at United Continental…
July 27, 2011—Publicly traded companies make a big deal out of efficiency, which typically implies watching every penny and avoiding unnecessary costs. So what to make of the separation agreement that United Continental Holdings (UAL) filed on Tuesday?

Coeur d’Alene exec extracts a lucrative exit…
July 19, 2011—Mining has always been a dangerous job. But mining company executives have always had it easy compared to the workers who actually extract precious gems, metals, and minerals from under the Earth's crust, a point underscored in the 8-K that ...

Drilling for answers at Petroleum Development…
June 21, 2011—The past month has had its ups and downs for the shareholders of Petroleum Development Corporation (PETD), partly because of the market's uneven jags, and partly because of transitions within the company itself. Yet for three of the company's ...

A civilized departure from Capital One…
May 26, 2011—Last week, Capital One Financial Corp. (COF) - the company behind that charming series of commercials with Vikings or Visigoths (depending on whom you believe) - announced in an 8-K that its president of the banking division, ...

BlackRock exit gave exec plenty of time to think…
May 11, 2011—It's fairly common for an executive of a company that's merging to come along for the ride, spend a year or so to help work out the transition-related kinks, and then move on to something else. What we see ...

Transocean exec set for smooth sailing…
March 3, 2011—Since Transocean Ltd's. (RIG) Deepwater Horizon drilling platform burned and sank last April, a lot of the press has related to that accident. In the past week or so, there have been articles such as this one (how the company could ...

Dipping into the pension fund at St. Joe…
March 2, 2011—The high drama at Florida developer St. Joe Co. (JOE) has gotten plenty of press, including the generous $7.75-million handshake that former Chief Executive William Britton Greene got on his way out the door, as Bruce Berkowitz, former ...

Blankenship: Don’t cry for me, Massey Energy…
December 7, 2010—Don Blankenship, the irascible chief executive of embattled Massey Energy (MEE), may be retiring from the company he has led for a decade, but don't be tempted to see him as a broken executive limping into the sunset with ...