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Joseph Antonini

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BUSINESS
June 10, 1994 | From Times Staff and Wire Reports
Kmart CEO Says He Won't Quit: Joseph Antonini said he still has the support of the board, Women's Wear Daily reported. Over the last year, the chief executive has faced increasing pressure to revive the nation's second-largest retailer. He also denied rumors that Kmart might bring in a chief operating officer to help get the company back on track.
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BUSINESS
November 21, 1995 | From Associated Press
Kirk Kerkorian, Chrysler Corp.'s largest shareholder, said Monday he will try to oust a company director and replace him with Kerkorian lieutenant Jerome B. York, a former Chrysler executive. Kerkorian has been pushing the board for nearly a year to take steps he believes will increase Chrysler's shareholder value. In April, he launched an abortive attempt to take over the company. A meeting Monday between Kerkorian and Chrysler Chairman Robert J.
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BUSINESS
January 18, 1995 | GEORGE WHITE, TIMES STAFF WRITER
Setting the stage for the possibility of more significant changes, Kmart Corp. on Tuesday stripped Joseph Antonini of his duties as chairman but retained him as president and chief executive of the struggling retail chain. The company said Kmart board member Donald S. Perkins, who chaired the Jewel Cos. supermarket chain before retiring in 1980, was elected to replace Antonini as chairman. The board said it believes the change "provides Kmart with the team it needs to improve shareholder value."
BUSINESS
March 23, 1995 | Times Staff and Wire Reports
Board Reviewing Severance Conditions for Kmart Ex-CEO: Under terms of his contract, Joseph Antonini can keep his base salary and annual performance bonus for two years after his departure should he leave the Troy, Mich.-based company "for good reason." The contract does not define that term, however. That would be paid in addition to any other severance benefits the board of directors might approve for the 31-year Kmart Corp.
BUSINESS
March 22, 1995 | GEORGE WHITE, TIMES STAFF WRITER
Joseph Antonini, the beleaguered president and chief executive of Kmart Corp. who had already lost the chairman's post and endured months of criticism from shareholders over the retailer's weak performance, resigned on Tuesday. The announcement triggered an 8% surge in the price of Kmart stock and was cheered by investors and analysts, who said the removal of Antonini signals an invigorated board of directors and clears the way for a new direction at the nation's second-biggest retailer.
BUSINESS
November 21, 1995 | From Associated Press
Kirk Kerkorian, Chrysler Corp.'s largest shareholder, said Monday he will try to oust a company director and replace him with Kerkorian lieutenant Jerome B. York, a former Chrysler executive. Kerkorian has been pushing the board for nearly a year to take steps he believes will increase Chrysler's shareholder value. In April, he launched an abortive attempt to take over the company. A meeting Monday between Kerkorian and Chrysler Chairman Robert J.
BUSINESS
August 20, 1986
Joseph E. Antonini, who began with K mart Corp. as a stock clerk 22 years ago, was named president and chief operating officer of the Troy, Mich.-based retailer. Both positions had been vacant.
BUSINESS
March 22, 1995 | GEORGE WHITE, TIMES STAFF WRITER
Joseph Antonini, the beleaguered president and chief executive of Kmart Corp. who had already lost the chairman's post and endured months of criticism from shareholders over the retailer's weak performance, resigned on Tuesday. The announcement triggered an 8% surge in the price of Kmart stock and was cheered by investors and analysts, who said the removal of Antonini signals an invigorated board of directors and clears the way for a new direction at the nation's second-biggest retailer.
BUSINESS
January 18, 1995 | GEORGE WHITE, TIMES STAFF WRITER
Setting the stage for the possibility of more significant changes, Kmart Corp. on Tuesday stripped Joseph Antonini of his duties as chairman but retained him as president and chief executive of the struggling retail chain. The company said Kmart board member Donald S. Perkins, who chaired the Jewel Cos. supermarket chain before retiring in 1980, was elected to replace Antonini as chairman. The board said it believes the change "provides Kmart with the team it needs to improve shareholder value."
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