Jerry Lanni, MGM Mirage's chairman and CEO, is planning to retire at the end of the month.
Jim Murren, COO, is being recommended for the job.
http://www.lvrj.com/news/breaking_news/34422724.html
Whoa... Didn't see this coming. End of the month? That's not much time for a transition. Is he sick? Hopefully not [ED: a memo to employees says it is not health related].
I can't imagine majority shareholder Kerkorian would toss him during such a tumultuous time. They've worked together for ages... It must be something else... The timing is just so strange.
Update: MGM Mirage press release here:
http://phx.corporate-ir.net/phoenix.zhtml?c=101502&p=IROL-NewsText&t=Regular&id=1226453&
UPDATE: The Wall Street Journal is reporting there are some questions about his MBA from USC as the school could not verify the degree.
http://online.wsj.com/article/SB122661583489225999.html?mod=testMod
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