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Conseco: Companies
built 646 days ago
Conseco posted a $407.2 million loss for the second quarter of 2000 - its first red ink since 1994. That figure... included the $45 million payment to Wendt, Hilbert's $47.1 million severance payment and an additional $30 million to cover potential losses on stock-purchase loans to dozens of Conseco executives and directors. The company posted it's largest loss ever in the quarter ending Sept. 30, 2000 - $487.3 million, but Wendt said the charges were necessary for the rebuilding effort.
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Conseco announced that Todd M. Hacker is joining the company, effective January 10, 2008, as senior vice president and treasurer. He will report to Ed Bonach, Conseco’s EVP and chief financial officer. Mr. Hacker joins Conseco from YRC Worldwide, where he was vice president and treasurer since 2006, and ... served as treasurer from 2004-2005. -PR Newswire
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Indianapolis, Ind.: Aug. 20, 2002 - Conseco, Inc. (CNCE) announced the formation of an ad-hoc committee of holders of public notes issued by the company. The company is immediately commencing discussions with committee representatives. The ad hoc committee has engaged Fried, Frank, Harris, Shriver & Jacobson as legal advisor, and Houlihan Lokey Howard & Zukin as financial advisor.
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Conseco's collectors have said these so-called extensions are being done to artificially hold down delinquenices, while the company says the aim is to ensure that troubled loans actually get collected. A chart shown to the public for the first time Thursday showed accounts with extensions soaring, verifying claims by collectors to this column that the policy was becoming more widespread.
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Conseco?s CEO stepped down earlier this month. Stephen Hilbert left his post after receiving $72.5 million in severance pay and a bonus of $3.4 million. The company's CFO, Rollin M. Dick, has ... stepped down. He will receive his salary of $250,000 per year through December 31, 2001, and he also received a bonus of $187,500.
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CARMEL, Ind., Sept. 19 /PRNewswire-FirstCall/ -- Conseco, Inc. (NYSE: CNO) will host a conference call to discuss its long term care business at 10:00 a.m. Eastern Daylight Time on Sept. 27, 2007. During the call, Conseco management will: (1) review our most recent long-term care presentation ("A Primer on Conseco's Long-Term Care Business") that will be filed with the Securities and Exchange Commission on Form 8-K on Sept. 26, 2007; and (2) respond to questions. The presentation will ... be available through the investor section of the Company's web site.
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