Tuesday, October 10, 2006

ImClone - blood on the boardroom carpet

Back story here.

Now the chairman and another member of ImClone's board have resigned, following a week of squabbles between the company and billionaire financier (and shareholder) Carl Icahn. The company said in a statement that Chairman David M. Kies and board member William W. Crouse resigned effective immediately.

Insider's view: the first, but possibly not the last, to go!

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