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Mass Mutual Says CEO's Conduct Led To Ouster
Boston Channel ^ | June 6, 2005 | Associated Press

Posted on 06/10/2005 12:18:08 PM PDT by mad puppy

MassMutual Financial Group disclosed that the reason for the sudden ouster of its top executive involved his conduct, but the insurer did not offer further details about Robert J. O'Connell's abrupt firing.

The mutually owned insurer did, however, confirm that O'Connell was not the only member of MassMutual's management to lose his job late last week.

In response to inquiries from The Republican, a MassMutual spokesman confirmed Friday that two others were no longer with the company, the Springfield newspaper said. They are Susan A. Alfano, who left Thursday as executive vice president for enterprise systems and services, and Ann F. Lomeli, who departed Friday as senior vice president, co-general counsel and secretary.

The Boston Globe, which also reported Alfano's departure, quoted MassMutual spokesman Jim Lacey as saying that Alfano had reported directly to O'Connell, who was MassMutual's chairman and chief executive. Lacey declined further comment.

--- snip ---


TOPICS: Business/Economy; Culture/Society; Front Page News; Miscellaneous; News/Current Events
KEYWORDS: ceo; fired; massmutual; oconnell
Another big time CEO brought down by his out of control zipper. No, you won't find that in the article. It will take some time.
1 posted on 06/10/2005 12:18:08 PM PDT by mad puppy
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To: mad puppy

BTW: I searched, but did not find any other posts about this.


2 posted on 06/10/2005 12:18:57 PM PDT by mad puppy ( "He's with me!" And I'm with W.)
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To: mad puppy
Details, details, please!

Hell, I'll settle for believable rumors!
3 posted on 06/10/2005 12:23:53 PM PDT by Fido969 (I see Red People!)
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To: mad puppy

it doesn't matter - he'll get severance 100x what all of us make in our entire lifetime


4 posted on 06/10/2005 12:28:47 PM PDT by soccer_linux_mozilla (I believe in the potential of Open Source software: Linux, Mozilla, Firefox, OpenOffice,etc)
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To: Fido969

Meange a Trois, perhaps? Non?


5 posted on 06/10/2005 12:29:26 PM PDT by Calusa (Hey Nick, was you ever stung by dead bee?)
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To: Fido969

(written in my seedy, back alley tough guy voice)

I got this buddy...see... and he works for a rather large company owned by MassMut, and he has it from the inside. I'm told that a certain female that runs an HR department of another company owned by MassMut has also recently resigned in what might be called a series of connected events. The WSJ may have even named this gal.

Of course I work for a company owned by Boeing so I've seen some fairly recent....ah.... activities (?) like this too.

It amazes me what we guys will do for a few minutes of tingly. ((*** boggle ***))


6 posted on 06/10/2005 12:31:48 PM PDT by mad puppy ( "He's with me!" And I'm with W.)
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To: soccer_linux_mozilla

I'd love a severance package like that. The former CEO at Boeing got a whoooooper too.


7 posted on 06/10/2005 12:51:46 PM PDT by mad puppy ( "He's with me!" And I'm with W.)
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To: mad puppy
The Wall Street Journal has an excellent page 1 article today (Friday) on this story. Lots going on here. The CEO was outed by his ex-wife. Two senior female execs were canned the day after he was. Numerous family members hired and given preferential treatment. CEO tried and got discounts on a Florida condo through company parties.

Real soap opera. There will be more on this one through the courts I am sure.
8 posted on 06/10/2005 1:08:58 PM PDT by kevinm13 (The Main Stream Media is dead! Fox News Channel Rocks!)
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Comment #9 Removed by Moderator

To: kevinm13
# 9 removed because of Wall Street Journal restrictions.

Reference.

10 posted on 06/10/2005 4:10:50 PM PDT by Admin Moderator
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To: Calusa

Meange a Trois, perhaps? Non?

My dog had mange once....

Oh! You meant something else.


11 posted on 06/10/2005 4:15:35 PM PDT by John Robertson
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