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Buy.com execs resign...

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Old 02-13-01 | 11:22 AM
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According to dotcomscoop.com this morning, the company's chairman and CEO Gregory Hawkins along with the CFO Mitch Hill have both resigned...

Check: http://www.dotcomscoop.com/

Text is:

"...Aliso Viejo, CA-based e-tailer Buy.com announced this morning that the company's Chairman and CEO Gregory Hawkins and CFO Mitch Hill have resigned.

Board of Director's member James B. Roszak was appointed Interim CEO. Board member and former PepsiCo CEO Donald Kendall was named Chairman, while outsider Robert Price was named CFO.

"While Greg and Mitch played an integral role in the development of the company over the past couple of years and we are grateful to them for their contribution, I believe we will significantly benefit from Robert's extensive expertise and enthusiastic commitment to buy.com's success," Rozak said. "The realities of the market place demand that we drive vigorously toward profitability. We've proven our ability to attract customers and sell product, now we need to prove that we can make money."

Buy.com recently sold their U.K. division and announced that it would shutter its Canadian operation...."




Old 02-13-01 | 11:43 AM
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It shouldn't be long now.

If you have an order pending you should push to get it completed or cancel it.
Old 02-13-01 | 03:33 PM
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They were a good company, I'll miss them.
Old 02-13-01 | 05:46 PM
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Originally posted by msharkm
It shouldn't be long now.

If you have an order pending you should push to get it completed or cancel it.
Nope, I don't think that is what is going on. These two are the fall guys for the lower revenues last quater. This is a way to show the investment community that the board of directors is stepping up to change things.
Old 02-13-01 | 07:00 PM
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From: Sydney, Australia (The other side of the planet).
SO at the end of the day, how long are buy.com gonna be around?

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