Monday, May 08, 2006

 

Investors Pummel Conseco Over CEO's Resignation

Analysts and investors lashed out at Conseco Inc. management during a conference call Friday and demanded more details about why the insurer's chief executive resigned after 21 months at the helm.

Conseco also disclosed that it will keep on Chief Executive William Kirsch, whose resignation is effective May 23, as an employee through the end of August, shortly after a large chunk of his stock options will vest.

Investors Pummel Conseco Over CEO's Resignation
Source: Wall Street Journal (subscription required)

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