Article: The Charleston Gazette, W.Va., Jim Balow Column.

By Jim Balow, The Charleston Gazette, W.Va. Knight Ridder/Tribune Business News

Jun. 11--CITY HOLDING WOES: What would you do if someone lost $700 million?

Fire him.

That's what the board of directors of City Holding Co. did to former wonder boy Steve Day last June.

Officials at City Holding, parent of City National Bank, announced last June 14 that former president and CEO Steve Day suddenly resigned after an emergency board meeting. That board meeting followed a series of failed business deals that helped bring down the price of City Holding stock from its all-time high of more than $50 a share in early 1998 to below $7 a share a ...

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