Management Turnover as Change Agent

Tuesday, May 20, 2008

Recommended Reading - Franklin Bank Sacks CEO

Peter Moreira of the wrote a story today on the sacking of the Franklin Bank's CEO, Anthony Nocela. Franklin Bank FBTX (NASDAQ) was originally founded by Lewis Ranieri one of the founders of the mortgage securitization business.

There is probably a lot more than meets the eye with this change. Floyd Norris of The New York Times also wrote an interesting piece on the change and the problems the bank is facing.

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