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This morning’s news that Circuit City (CC) was filing for bankruptcy protection prompted us to go back to something we had footnoted in late August: the employment contract with newly hired Vice Chairman James Marcum. A month later, on Sept. 22, Philip J. Schoonover stepped down immediately and was replaced by Marcum.
While there were a [...]
I’ve been down in Bradenton, Florida the past few days where I started my career as a journalist. After spending the weekend walking door to door to get out the vote for Barack Obama, I’m now turning my attention to reporting and plan to attend the daily 11 a.m. foreclosure sale run by the Manatee [...]
Less than three weeks after WaMu CEO Kerry Killinger “retired” from the bank, it was seized by federal regulators, making it the largest bank failure in this nation’s history. What remains was sold to JP Morgan Chase (JPM), which wasted no time putting up a welcome banner on WaMu’s web site.
As footnoted regulars know, WaMu [...]
Unless you looked at the proxy that Regis Corporation (RGS) filed Tuesday, there might be some initial confusion about whether that directive is coming from a salon customer or one of the company’s executives. Based on Tuesday’s filing, good money says it’s the latter.
In the fiscal year that ended June 30, 2008, Chairman/President/CEO Paul Finkelstein’s total [...]
Today’s my first day back from 10 days spent on a remote island off the coast of Maine and my inbox has been inundated with questions about Fannie (FNM), Freddie (FRE) and Washington Mutual (WM), all of which lost their CEOs, not to mention billions of dollars in shareholder equity. Everyone — even my mom, [...]
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