Quattrone Resigns Under Pressure
Frank Quattrone Resigned From His Firm. Investment banker Frank Quattrone resigned Tuesday from his firm amid pressure over his decision not to meet with regulators probing his activities as one of Silicon Valley's most active financiers of young companies during the technology boom. His employer, Credit Suisse First Boston, … [Read more...] about Quattrone Resigns Under Pressure
WorldCom Director Kellett Resigns
Ebbers Deals Controversy. One of WorldCom Inc.'s longest-standing directors resigned Sunday night after the company's board pressured him to step down for his involvement in controversial arrangements with ousted Chief Executive Bernard Ebbers. Stiles A. Kellett Jr.'s resignation comes after WorldCom imposed a 5 p.m. deadline for … [Read more...] about WorldCom Director Kellett Resigns
Tyco CEO Resigns As Legal Probe Steps Up
Tyco CEO Announced His Resignation. Investor fears about the trustworthiness of corporate governance re-emerged Monday as Tyco International Ltd.'s L. Dennis Kozlowski announced his resignation as chief executive officer of the Bermuda-based manufacturing conglomerate. Kozlowski told board members that he is under … [Read more...] about Tyco CEO Resigns As Legal Probe Steps Up
