Interesting Fools post - Career Education CEO Expelled
The article talks about the stock leap of 14.4% with the CEO's sudden departure... partially attributed to the PR statement?
"Current lead director Robert Dowdell will serve as interim CEO while the company seeks a permanent replacement for Larson. But consider how the press release described the situation: "The board of directors is in the final stages of engaging a nationally recognized executive search firm to lead the search for a permanent CEO."
Parse that statement fully, and you'll see it translates roughly as "we're almost ready ... to ask someone else ... to begin looking for a replacement." That suggests to me that Larson's departure was sudden, abrupt, unplanned -- choose the adjective that suits you best, but be aware that words like "calculated," "smooth," or "unpanicked" have no place in this sentence. "
http://www.fool.com/news/mft/2006/mft06092810.htm
By Rich Smith (TMFDitty)09/28/2006
