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To: Jeffrey_J who wrote (3883)3/16/1998 10:32:00 AM
From: Jon Tara  Read Replies (1) | Respond to of 18444
 
Jeffrey, when a CFO quits suddenly, particularly in the middle of preparing financial statements, there is always the speculation that he was asked to do something improper, and thus had to quit to avoid breaking the law.

This explains "why wait till now". (I think that you were thinking along the lines of he knew something bad about the company's financial position.)

I'm not saying that this is what happened - just that it's a common reason why principled CFOs suddenly quit, and as good as any other speculation here.



To: Jeffrey_J who wrote (3883)3/16/1998 10:54:00 AM
From: aleta  Read Replies (2) | Respond to of 18444
 
IMO LAir has a master plan which didn't include him.

Jeffrey,

I have just a little experience in management and if your statement is true, then I now have BIG doubts about Steve Lair.

When I would go into a troubled store I didn't just start firing . I would first attempt to assess each individual to ascertain whether or not this person could fit into the new direction I was going to take. It's much easier to turn a store (company) around if you maintain the quality people who are familiar with the territory.

Steve Lair hasn't been on board long enough to have done that. I personally don't believe Mr. Lair had anything to do with these departures.

Aleta