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
Bloomberg
St. Louis Business Journal
Business Week
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