"SEATTLE--(BUSINESS WIRE)-- February 1, 2012 — Dendreon Corporation (Nasdaq: DNDN) today announced that its Board of Directors has elected John H. Johnson to the position of president and chief executive officer (CEO), to succeed Mitchell H. Gold, MD, who has served as president and CEO for nearly a decade. Dr. Gold has been elected executive chairman and will serve in that role until June 30, 2012, at which point he will continue to serve as a director and Mr. Johnson will become chairman."
The guy gets to continued with DNDN as his victims (employees and all other shareholders) pay his legal bills.
Here is a thread from another bulletin board:
No Buyout with Gold as Board Chair
5-Jun-12 11:08 am
Forget about buyout fantasies as long as the board chair is under SEC investigation. The next owners would likely put his head on a plate to get the thing behind them.
As long as he is the chair, it's also a huge business distraction.
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5-Jun-12 11:33 am
yep, Gold would be gone in a takeover. but isn't he supposed to step aside as chairman in June and let JJ have the seat?
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5-Jun-12 11:38 am
He's stepping aside end if June. Only question is into which new home or yacht.
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46 minutes ago
He will continue to serve as 'a director.' JJ will be Chairman.
The guy gets to continued with DNDN as his victims (employees and all other shareholders) pay his legal bills.
Here is a thread from another bulletin board:
No Buyout with Gold as Board Chair
5-Jun-12 11:08 am
Forget about buyout fantasies as long as the board chair is under SEC investigation. The next owners would likely put his head on a plate to get the thing behind them.
As long as he is the chair, it's also a huge business distraction.
--------------------------------------------------------------------------------
5-Jun-12 11:33 am
yep, Gold would be gone in a takeover. but isn't he supposed to step aside as chairman in June and let JJ have the seat?
--------------------------------------------------------------------------------
5-Jun-12 11:38 am
He's stepping aside end if June. Only question is into which new home or yacht.
--------------------------------------------------------------------------------
46 minutes ago
He will continue to serve as 'a director.' JJ will be Chairman.