05 October 2010
Just in case you haven't heard the news today, SuperMedia CEO Scott Klein Resigns and the company appoints Peter McDonald interim CEO. I find it interesting that he resigned after his "big fat bonus" money is no longer in effect. The companies stock, which post bankruptcy was trading at $40.00 per share is now well below $10.00 and his stock options that vest on a "change in control" are worth significantly less. I guess he couldn't handle the pressure or had no incentive to continue driving the company into extinction.