Replies to post #57757 on Chemtura Corp (fka CHMT)

[jaxstraw]

1. Maybe
2. Ridiculous
3. No, asset sales are pretty much off the table now, too late in the process to get something like that done in time for a timely exit by the stated company schedule.
4. Maybe, and most likely IMO.

[novachem]

Don't read too much into it.

It is always (mostly) better opportunity prompts people to move on.

[catdaddyrt]

Ween -- no doubt on Chemtura exiting BK -dont know about all the GOOD offers these days on employment -he was in a position for performance incentives so....

#5 he was a slacker and not fitting the bill on the POR-he fell victim of "trimming the fat" lol

who knows? arnie,Dmaze, bababooboo (or whatever his name was)








maybe just maybe it was the Kraken Coming

[BBalls-N-CowTown]

How about option 5: The company has been restructured into eight independent profit centers, each with it's own managment that will follow the vision and leadership of the CEO and there is no Executive Vice President position.

This guy is probably a great guy and well worth the position he had and I am inferring nothing negative against him, but this kind of thing happens all the time in corporate america. It is reducing overhead, where positions and management layers are eliminated at the top of the organization instead of laying off workers at the bottom of the organization.

You know the old saying, "Nothing personal, it's only business", and I have heard it said more times than I want to think about in these times of getting leaner and meaner and more competitive.

This is why guys at that level usually carefully consider whether or not to take a position like that and usually negotiate a golden parachute, as the lateral move is usually not in the company....and maybe not at all.

[Montana Wildhack]

Why did David G. Dickey, the Company’s Executive Vice President and Group President, resign?
The fact that he is "pursuing other interests" says it all. That is HR speak for terminated. I wrote that memo many times over the years. I'd say that he and Rogerson were butting heads and Rogerson won, happens every time.