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(Hurd added the chairman title in 2006).
As the firm's troubles grew last month, the firm stripped Mr. Davis of his chairman title.
By keeping the chairman title he could well neuter the people under him.
On Monday, Washington Mutual's board stripped Kerry K. Killinger, its chief, of his chairman title.
Still, Mr. Hurd emerged from this episode with a promotion, adding the chairman title, previously held by Patricia C. Dunn.
The two companies eventually reached a settlement, with Crescendo receiving two seats on the board and the company's chief executive being stripped of her chairman title.
Similar(21)
It was unclear Sunday if Zucker will immediately receive both CEO and chairman titles.
As Turner recalls, Levin went on to say, "Sorry, Ted, but you lose your vice-chairman title as well".
Turner would own four per cent (now just over three and a half per cent) of the new company and remain on the board, and he had won a vice-chairman title.
[C4.] Citigroup's Chief to Add Chairman to Title The board of Citigroup announced that the chief executive, Charles O. Prince III, would soon also hold the chairman's title, which had belonged to Sanford I. Weill for more than 20 years.
He added the chairman's title in 2001.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com