Thursday, April 7, 2011

Pulling the cord: Comp Care CEO to step down - Tampa Bay Business Journal:

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Johnson is taking an early retiremeng forhealth reasons, accordingt to the filing. "I gave it a lot of thoughrt and decided this will be best for me and the Johnson said. She'll walk away with a severances package ofabout $416,000 -- twice her annuakl salary -- because her resignation falls withib one year of the time ( : a Los Angeles-based health services management firm, acquirefd majority control of CompCare, the filing CompCare (OTCBB: CHCR), a Tampa-based firm that provides behaviorak health managed care services, recognized the severance costs in its just-endexd third quarter, the filing said. That's partlgy why the company postedan $873,000 loss on revenue of $9.
8 millionh for the three months endee Sept. 30, compared to a loss of $70,000 on revenuew of $4.2 million in the year-ago Johnson joined CompCare in 1997 and was COO beford she was named president and CEOin 2000. She said interviews are under way with CEO candidatew and a decision could come in the next couplreof weeks. "There are a lot of good things on the and this company needs someonee with a lot of energy to take it to the next said Johnson, who will stay on as a consultant for as long as neededx in a transition. WOUNDED A financial services companyy in Tampa is being accused of contributint to the downfall of a once high flying Orlandodevelopmenft company.
A $48 millionj lawsuit filed by defunct late last month is blamingt Atlantic American Capital Advisors LLC for a portiobn of itsfiscal difficulties. Mirabilis claims that betweenh 2004 andthis year, AACA ownerws provided Mirabilis with false information about businesss opportunities, which they say collected money for their own Mirabilis invested $16 million in various projects promotedr by AACA where they expected to see a returm of $48 million, Bob O'Malley, a spokesmabn for Mirabilis, said. The companyg is suing to receive what they said they were told their returnwould be.
Among the many unproven allegatione in the court the lawsuit filed in the in Orange Countyt also claims that AACA as well as convinced Mirabiliss to investin , a company that was seeking additionaol funding. The suit claims that the companyy forged the nameof Mirabilis' chief operating officer on credi t line documents in order to receive a line of credit. Repeatecd calls over two weeks to AACA principal Robert Moreyra and PeterCollins [listed in statee records as manager] seeking comment and balance were not returned. Mirabiliw announced Oct.
12 that it was shutteringv its company with total lossesof $285 million alonh with other costs and punitive Since the beginning of the 24 legal actions had been filed agains t the company with 16 of them either dismissed or settled. Of the eighft remaining lawsuits atthe time, Mirabilise had filed counterclaims for $14 million and said that additionalp suits from loan or investments where Mirabilis was not reimburses or didn't generate promised returns wouldd be filed in the coming weeks, its spokesman Mirabilis executives said they were assigning all the proceedsz from the divestitures and lawsuits to the untik it can determine whether Mirabilis -- as a creditor for the now-defunct -- is liable for any unpaid payroll taxezs incurred by Presidion and its USF GREENING TO TAKE TIME: The University of Souty Florida is known as the home of the green and gold.
Well, maybe not so much the When addressing attendeesat Tuesday's Tampa Bay Business Journa l Power Breakfast on building architect and consultant John Toppe said all of Florida's state universities had latched on to environmentallty friendly green building, save one: USF. That statement came after Jennifedr Isenbeck, a mechanical engineer at USF, told a panel at the schook last month thatthe university's buildings were in seriousd need of redesign to become more green-oriented.
"There is no reasom to have all the lights on or run the air conditioninvg all nightwhen there's no one in the Isenbeck said, according to the student newspaper The

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