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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 than most reports have indicated. Anthony F. Earley, Jr., who will become the Chairman of the [...]
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 external search for Reidy’s replacement, we don’t know exactly when his last day will be. But we do know that [...]
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? United Continental certainly talks the talk — during the Q&A in its latest earnings call, Chief Financial Officer Zane Rowe [...]
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 silver and gold producer Coeur d’Alene Mines Corp. (CDE) filed at 4:35 p.m. last Friday. [...]
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 executives, at least, a nice financial cushion has surely made the ride more comfortable than it [...]
