Mirant CEO Fuller agrees to resign
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Bankrupt energy trader Mirant Corp. (MIRKQ.PK: Quote, Profile, Research) on Thursday said Chief Executive Marce Fuller will resign from the company and will be paid a separation payment of $3.4 million.
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HOUSTON - Enron Corp.&#39;s chief financial officer since a month after the energy company went bankrupt in December 2001 resigned effective Friday.
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ATLANTA A Mirant Corporation subsidiary has agreed to pay 12-and-a-half (M) million dollars to settle government claims. The federal government accused the bankrupt Atlanta-based energy supplier of trying
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Maxtor Corp. (MXO.N: Quote, Profile, Research) on Monday said Paul Tufano has resigned as chief executive, president and acting chief financial officer, less than a month after the computer
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LogicaCMG boss Martin Read says he will resign following disappointing trading at the technology group.
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(InfoWorld) - The chairman and CEO of Acer Inc. has vowed to step down if the company's bid to join with Gateway Inc. does not succeed. "The merger will definitely succeed. If it doesn't ... I will resign," the Chinese-language newspaper, Economic Daily News, quoted Acer Chairman and CEO J.T. Wang as saying in an interview published Wednesday. Acer spokesman Henry Wang confirmed the statement. The statement came amidÂ growing criticism of the acquisition, which the companies' boards have approved. Industry watchers and stock market analysts have called the US$710 million purchase too expensive, saying Acer should have foregone the deal and continued to grow its U.S. business from the ground up. The company's U.S. sales have grown at over 100 percent for the past few years, according to Acer. Other analysts fear Acer may have trouble bringing Gateway into its fold because it may ultimately become a three-in-one deal, including Gateway subsidiary eMachines and Europe's Packard Bell BV. That may be too many companies to absorb in one go, analysts say. "The premium paid to Gateway may be too high, and the execution risk of multiple-brand strategy is clearly the key here," said Vincent Chen, PC industry analyst at CLSA Asia-Pacific Markets in Taipei. Taiwanese investors don't like the deal, either.. Acer's shares have fallen by their daily market limit, 6.9 percent, for each of the past two days to close at NT$55.1 (US$1.67) Wednesday on the Taiwan Stock Exchange. Acer agreed on Monday to buy Gateway in an all-cash deal for US$1.90 per share, a 57 percent premium on its closing share price of US$1.21 on the New York Stock Exchange on Friday. Acer said the deal will transform it into a much larger company with US$15 billion per year in revenue and shipments of nearly 20 million PCs, giving it a solid base in the important U.S. market. The companyÂ plans to market multiple PC brands worldwideÂ after the transaction, thereby increasing sales. The deal will also help it cut costs. Size is vital to gaining volume discounts from parts suppliers, Acer said. The purchase still faces regulatory and shareholder approval. Â
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HOUSTON -- Enron Corp.&#39;s chief financial officer since a month after the energy company went bankrupt in December 2001 resigned effective Friday.
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Ford Motor Co.  on Friday said  Robert Rubin, a member of the Office of the Chairman of  Citigroup Inc. , has resigned from Ford's board of  directors.
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Philip H. Knight resigned yesterday as head of the Oregon sneaker company that he built into Nike Inc., a global sportswear powerhouse that made everyone want to soar in Air Jordans, Wear
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Richard Pops, the chief executive of Alkermes Inc. and one of the best known executives in the Cambridge biotechnology industry, will step down and become the company's chairman at the end of the month, Alkermes said yesterday.
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The chief executive of telecom company Equant, Daniel Caclin, resigned, the company said, signalling that he would be replaced by a top Thomson executive close to the head of Equant's parent group, France Telecom.
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Ted Leonsis, a top leader at AOL for 13 years, will give up his management role but remain vice chairman of the company.
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Viacom said Tuesday its current president and CEO Tom Freston has resigned his position with the company.
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Mirant Corp. chief executive Marce Fuller will receive a hefty severance package, including a $3.4 million lump-sum payout, when she resigns from the bankrupt energy supplier, a regulatory filing released Thursday shows.
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The chief of the world's largest insurance broker resigns 11 days after the firm was sued in an alleged price-fixing case.
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John Gibson said Friday that he decided to resign as chief executive officer of Halliburton Energy Services when it became apparent he couldn&#39;t become the CEO of the entire corporation, after getting a taste of the No.
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The boss of Australian packaging company Amcor quits his post amid a growing scandal over allegations of price-fixing.