maybe somebody can explain this to me:
(paraphrased) 'I fired the head of the credit business, but its doing great'
wtf??
Reuters Company News
Sears says credit chief left at CEO's request
biz.yahoo.com
Monday October 7, 9:53 am ET
CHICAGO, Oct 7 (Reuters) - Sears, Roebuck and Co. (NYSE:S - News), the No. 4 U.S. retailer, said on Monday the departure of the head of its credit card division, announced on Friday, had nothing to do with the business.
On a conference call with analysts and reporters, Sears Chief Executive Alan Lacy said Kevin Keleghan left the company as executive vice president and president of credit and financial products at Lacy's request, but declined further comment on reasons for his departure.
"Kevin's departure has nothing to do with the business," Lacy said. "I'm making no further comment beyond what I just stated."
Also on Monday, Sears reaffirmed its full-year 2002 earnings per share guidance of $5.15 per share, but said the retail side would grow faster than the credit business.
Shares in Sears were off $2.39, or 6.4 percent, at $35.25. |
