Seeking Alpha

Molycorp (MCP) announces a turnover in mangement, saying that John F. Ashburn, Jr., its General...

Molycorp (MCP) announces a turnover in mangement, saying that John F. Ashburn, Jr., its General Cousel, and John L. Burba, its Chief Technology Officer, have both resigned from the company, but will remain on in a limited consulting capacity. Geoffrey R. Bedford, the company's EVP of Rare Earths and Magnetics, will assume COO duties, effective immediately. Shares +0.4% AH.
Comments (4)
  • All the idiots who caused this mess are resigning...They should be taken out back and shot...
    26 Mar 2013, 05:38 PM Reply Like
  • It's the same with all these corporations.The officers make all their money on the IPO and then they run the company into the ground(i.e Facebook) leaving the shareholders holding the bag!
    26 Mar 2013, 08:39 PM Reply Like
  • I was still banking on a good business run by poor management being better than a bad business run by genii; and now maybe we can get into a good business with good management, pleeease?!
    27 Mar 2013, 08:47 AM Reply Like
  • MCP is settled now for a while so it does not need so much high pay top officers. They got layoff or a better way to say is "they are leaving.." Hopefully, the costs will go down: one officer got about 300,000 per year
    27 Mar 2013, 11:29 AM Reply Like
DJIA (DIA) S&P 500 (SPY)