Management Turnover as Change Agent

Wednesday, February 20, 2008

Update - Sharper Image

Last week the Sharper Image SHRP (NASDAQ) (see blog) forced its CEO out, Steven Lightman, and replaced him with Robert Conway a founding member of retail turnaround firm Conway, Del Genio, Gries & Co. Just a week later the company filed for chapter 11 bankruptcy. In a short statement, Sharper Image said it would continue to operate while it reorganizes the company.

For more on the change:

Mercury News
St. Louis Business Journal
Business Week

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