golisano to give up ceo rolegolisanofoundation.org/docs/in-the-news/tom... · golisano to give up...
TRANSCRIPT
2 FREE issues of Forbes Help|Connect|Sign up|Log in
Most Read on Forbes
10/04/2004 @ 5:15PM
Golisano To Give Up CEO RoleIn the headlines this afternoon, the billionaire founder of Paychex ,B. Thomas Golisano B. Thomas Golisano , will step down aspresident and chief executive of one of the nation’s two biggestproviders of payroll and humanresources services.
Former IBM executive Jonathan Judge will replace Golisano, whowill remain as Paychex chairman but will focus on his political andphilanthropic efforts. Golisano unsuccessfully ran for governor ofNew York three times. With a net worth estimated at $1 billion, hecame in at No. 278 on the latest Forbes 400 list of America’s richestpeople.
Click here for more from the Forbes.com Video Network
U.S. stocks ended the day higher as crude oil prices eased backbelow $50 per barrel and a U.S. Federal Reserve official offeredreassuring words on economic growth.
In company news, Office Depot shares gained slightly after the firmannounced that Chairman and Chief Executive Bruce Nelson BruceNelson resigned his posts after reaching an agreement with thecompany’s board of directors. Director Neil R. Austrian Neil R.Austrian will serve as interim chairman and CEO.
PeopleSoft saw its share price slip after a 15% gain on Friday, when thecompany fired Chief Executive Craig Conway Craig Conway . After a bitterbattle, PeopleSoft is now considered to be on track to be acquired by softwarerival Oracle , which traded slightly higher today.
In other news, shares of insurance giant American International Groupslipped slightly after the firm announced that it may face civil action by theU.S. Securities and Exchange Commission for alleged violations of federalsecurities laws. AIG said it stands accused of making misleading statements inrecent press releases. The firm said the accusations have no merit.
Shares of Charles Schwab dipped a bit after its brokerage subsidiary said itwould reduce commissions for its onlinetrading customers.
That’s it for today. For all your latest business headlines, log on to Forbes.com.
NEWS People Places Companies
Annalisa Burgos
+ show more
The World's 50 Most Valuable SportsTeams 2014 +197,423 views
A $35,000 Tesla Model III Is Coming In2017 +54,473 views
Top 100 Inspirational Quotes +40,506 views
Lady Gaga Is Still Schooling Marketers+30,488 views
At Last, (Most) NFL Junkies Will BeAble To Get Sunday Ticket Without ASatellite Dish +30,448 views
0
0
Tweet
0
0
0
0
New Posts Most PopularHighestPaid Athletes
ListsRichest Families In U.S.
VideoRichest Families
Also On Forbes
iPhone 6 Specifications Leaked By Amazon
Tweet 0
2014 Luxury Cars
Top Recommended SUVs
Small Business Opportunities
HighYield CD Rates
Best Dental Plans
Internet Business Ideas
High Dividend Paying Stocks
Real Estate Investments
See Also:
Comments are turned off for this post.
Top 10 Things toKnow Before Buyinga Car in 2014
know more...
10 Subtle Signs ofBipolar Disorder
know more...
Funds That DeliverHigh Income
know more...
Best AccreditedOnline Colleges forThe Academic Year
know more...
Highly Effective FDAApproved WeightLoss Pills
know more...
10 Most Reliable2014 Luxury SUVs
know more...
Do not miss...
RealTimeNews onForbesScan the latest news andheadlines in a single stream.
Get ahead of the pack here »
Web 2.0 Securitybarracuda.com
Learn More about Barracuda NetworksComplete Web Site Firewall System.
2014 Top Franchisesfranchise.franchisegator.com
Franchises for less than $30K. 100's of lowcost franchises.
Report Corrections Reprints & Permissions
C R M F R O MS A L E S F O R C E . C O
M
salesforce.com/CRM
Salesforce.com is the #1 CRM
Choice for 100K+ Companies!
See Demo.
C R M F R O MS A L E S F O R C E . C O
M
salesforce.com/CRM
Salesforce.com is the #1 CRM
Choice for 100K+ Companies!
See Demo.
0 0 0 0 0
ConferencesForbes Reinventing America Summit
Forbes Women’s Summit
Forbes 400 Philanthropy Summit
Forbes Under 30 Summit
Forbes CIO Summit
Forbes CMO Summit
Forbes Healthcare Summit
Forbes Global CEO Conference
Forbes and NAPFA AdvisoriConference
EducationForbes School of Businessat Ashford University
College Planning Tool
NewslettersForbes Investor
Special Situation Survey
Forbes Dividend Investor
Forbes Premium IncomeReport
Investing Newsletters
ProductsForbes Identity Protection
Forbes Newsfeeds
Reprints & Permissions
Company InfoAdvertise
Forbes Press Room
Forbes Careers
Contact Us
Sitemap
Help
Forbes China
Forbes India
Forbes Israel
Forbes Mexico
Forbes Middle East
Forbes Poland
Forbes Romania
Forbes Russia
Forbes Spain
RealClear
RealClear Politics
RealClear Markets
RealClear World
RealClear Sports
2 Free Issues Subscriber Services Gift Subscription
2014 Forbes.com LLC™ All Rights Reserved Terms and Conditions Privacy Statement Market Data by Morningstar AdChoices
Inside Forbes
BUSINESS INVESTING TECHNOLOGY ENTREPRENEURS OP/ED LEADERSHIP LIFESTYLE LISTS
FORBES' ranking of the richest families, pinning down 185billiondollar dynasties collectively worth $1.2 trillion.
Richest U.S. Families: ClansWith Billion Dollar Fortunes
For Dursts, World TradeCenter Deal Is A Pinnacle
How To Blow $9 Billion:The Fallen Stroh Family
see photos
The 2014 Celebrity 100 RealTime Billionaires