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Non-Tech : Just For Feet (FEET) -- Ignore unavailable to you. Want to Upgrade?


To: Don Dorsey who wrote (535)3/13/1998 7:25:00 PM
From: Don Dorsey  Read Replies (1) | Respond to of 750
 
The rumor for the past several days has been that CEO Harold Ruttenberg would step down. From what checking I am able to do, it seems to be true. I have heard that he and one other executive (possibly his brother?) are being forced out by the board of directors, and will be replaced by someone who has run a rival shoe company in the past.

This seems to be widely known among employees, so I give the rumor more weight than normal. Judging by the market's action, it seems to like the news.