Phoenix To Spin Off A Business

Phoenix To Spin Off A Business

There are 5 comments on the Hartford Courant story from Feb 7, 2008, titled Phoenix To Spin Off A Business. In it, Hartford Courant reports that:

The Phoenix Cos., under fire for poor stock performance, will announce plans today to spin off its asset management business - Phoenix Investment Partners - as a separate company to its shareholders.

Join the discussion below, or Read more at Hartford Courant.

Harvard Man

United States

#1 Feb 7, 2008
It is time for Dona Young to jump out of her Boat Building perch and float away on her $30MM golden parachute! This broad, like her ego-inflated predecesors, has no clue how to run a public company, and in the process she has crashed a venerable Hartford institution into the rocks as its helpless employees lay penniless along the shores of Adrien's Landing!
Easy

Hartford, CT

#2 Feb 7, 2008
Harvard Man wrote:
It is time for Dona Young to jump out of her Boat Building perch and float away on her $30MM golden parachute! This broad, like her ego-inflated predecesors, has no clue how to run a public company, and in the process she has crashed a venerable Hartford institution into the rocks as its helpless employees lay penniless along the shores of Adrien's Landing!
It's so easy when you hide behind anonymous post names, isn't it!!!
Harvard Man

United States

#3 Feb 7, 2008
Sure is, especially when you state the truth!
OMGWTFBBQ

Manchester, CT

#4 Feb 7, 2008
The Phoenix Cos bought out Phoenix Investment Partners about 6 years ago. Used to trade under the symbol PXP.

Now they want to spin it off? Guess that acquisition didn't go as well as they planned.

Maybe buying well performing mutual funds (i.e. engemann) and firing their portfolio managers and inserting their own (phoenix managers) wasn't such a good business plan afterall.

LOL - run away from this company.
Hal Seeyon

Norway

#5 Feb 7, 2008
Easy wrote:
<quoted text>
It's so easy when you hide behind anonymous post names, isn't it!!!
It sure is easy! Easy!

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