High-priced sheriff to clean up the PG&E corral…
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-message over lucrative exit from Progress Software…
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...
Upgrading an exec’s exit at United Continental…
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...
