Article: The best & worst of 2007.(John Olaimey's real estate deals)(renovation of Capital Hotel)(Colony Collapse Disorder in Arkansas)

Worst Exit

Charles Morgan, "company leader" of Acxiom for 32 years, moved his residence to Dallas as soon as the sale to ValueAct and Silver Lake was announced--admittedly in order to avoid paying Arkansas state income tax on the windfall of more than $80 million he expected to receive for his personal stockholdings. At that time, he was still planning to continue as the new owners' hire hands. Then, when the sale collapsed, he announced that he would retire as soon as a new CEO could be hired. And a few weeks later, he retired as both CEO and chairman even though no successor had been identified. The board of directors gave him a $3 million parting gift.

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