Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

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Saturday, April 7, 2007

Starwood CEO Forced Out Because of Improper Conduct

Steven J. Heyer was forced out as CEO of Starwood Hotels last week and forfeited $35 million in severance pay.  The WSJ reports that the board forced him out after an anonymous letter accused him of inappropriate conduct.  Heyer came to Starwoods from Coke with a reputation for a difficulty personality.  See WSJ, Starwood CEO's Ouster Followed Battle with Board Over His Conduct.

http://lawprofessors.typepad.com/securities/2007/04/starwood_ceo_fo.html

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