4:24 PM Thu, Apr 24, 2008 | Permalink
By Andrea Panciera  Email this author | Email this entry |
Journal photo / Steve Szydlowski
Retired banker Terrence "Terry" Murray, left, is stepping down as a director at the A.T. Cross Company after 25 years. Above, he's with Bernardo V. Buonanno Jr. at the company's annual shareholders meeting in Lincoln today.
Harlan M. Kent, 44, president and chief operating officer of the Yankee Candle Co. in Deerfield, Mass., will fill the vacancy on the board. Bradford R. Boss, 74, the company’s former CEO and chairman, also has announced that he plans to leave the board after next year’s annual meeting, in April 2009.
The Lincoln-based company, which has long been known for its quality pens and pencils, in recent years has reorganized its business to place greater emphasis on its optical division, sunglass maker Costa Del Mar, and its other accessories.
New comments
New photos
Authors
New posts
Projo blogs
Archives
A quick glance at Yahoo finance or any financial web site shows that the 25 year tenure yielded wealth destruction and asset degradation that are a matter of public record.The inabality or unwillingness for board members to act as fiduciaries for the benefit of shareholder and employee partners, is a large problem in todays business climate
Report Abuse