“E*Trade Financial Corp. (NASDAQ: ETFC) this morning ousted CEO Steven Freiberg, who had been the company’s chief for just over two years, and replaced him with Frank Petrilli, the chairman of E*Trade’s board of directors. Freiberg’s ouster follows a decline in the company’s stock price of nearly 50% in the past year.”
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ATPG would be so lucky to have a CEO that only lost 50% of the stock’s value. Instead of shit-canning their CEO, the fucker got a $4 mln raise.
Bonus.. not raise. Egregious either way.