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gnulaw (47.20)

[Update2] (Breaking...August 20) Four Directors Added to Board... (Aug 13) The Two Geeknet (GKNT) Director Resignations Announced August 11th triggering Nasdaq Delisting Notice. What did Suzanne Present, Michael Solomon...Allegedly Know and When Did They K



August 20, 2010 – Comments (5) | RELATED TICKERS: GKNT.DL , BBY , AMZN


Four Directors added to GKNT Board:Matt Carey,  Peter GeorgescuFrank RiddickDerek Smith.  SEC Form 8-K Filed August 20, 2010. 


1. (August 13, 2010) Kenneth Langone Acquires 339,009 Shares of Geeknet (GKNT) on the Open Market August 11th. Shares up 10.94% on 5x ADV closing at Day High of $1.42.

2. (August 11, 2010) Abruptly Resign

3. (August 07, 2010) Kenneth Langone Takes Over as CEO, Chairman, and President.

4. (July 21, 2010) Geeknet (LNUX) Hedge Fund 13D Controlling Director (and Langone 'partner') Suzanne Present Abruptly Resigns, Replaced by 13D Hedge Fund Partner.

5. (August 23, 2009) Follow the Money, SIleck, Invemed (Langone), and WWE.

6. (February 21, 2010) Is a former Director, a former COO, and former majority shareholder of World Wrestling Entertainment about to throw a triangle choke hold on Geeknet (LNUX)

Q: What happened to Sileck and Bowman? Was this allegedly planned with surgical precision including Langone's purchases August 10th and 11th as alleged proximate cause of said resignations/August stock plunge*/delisting notice? Is everything now occurring all part of a plan laid out long ago including the Sileck, Bowman resignations?


Opened $1.16 August 11th.

5 Comments – Post Your Own

#1) On August 20, 2010 at 5:42 PM, gnulaw (47.20) wrote:

Matt Carey

Matt Carey is executive vice president and chief information officer for The Home Depot. He is responsible for all aspects of the information technology infrastructure, including communication networks and retail systems across the Company’s 2,000-plus stores and store support centers in the U.S., Canada, Mexico and China. Matt also is responsible for the Company’s IT strategy, including the development and execution of technologies used in stores, online and in the supply chain.

Before joining The Home Depot in 2008, Matt served as senior vice president and chief technology officer at eBay. In that role, he was responsible for product development, site operations, electronic security, product planning, platform engineering, data warehousing, trust and safety, and catalog operations for eBay Marketplaces.

Prior to joining eBay in 2006, Matt spent more than 20 years with Wal- Mart, where he was senior vice president and chief technology officer. During his tenure at Wal-Mart, he managed the rollout of the wireless RF infrastructure, had responsibility for the company's Mainframe Large Systems and Data Warehouse, and led the implementation and integration of, and the grocery home delivery business in the U.K. He also was responsible for implementing Goodlinks, which provided wireless real-time e-mail and calendaring functions.

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#2) On August 20, 2010 at 5:49 PM, gnulaw (47.20) wrote:

Peter A. Georgescu

Peter A. Georgescu is Chairman Emeritus of Young & Rubicam Inc., a network of preeminent commercial communications companies dedicated to helping clients build their businesses through the power of brands. He served as the company’s Chairman and CEO from 1994 until January 2000.

Elected as the company’s eighth CEO in 1994, Mr. Georgescu was the first chairman of Young & Rubicam Inc. born outside of the United States. His career spans 37 years and top management experience, both in the United States and Europe. Mr. Georgescu has been instrumental in developing the integrated communications strategy that has shaped the course of Young & Rubicam’s development and become the standard for industry thinking. He has served as President of Y&R Advertising, as well as President of Young & Rubicam’s former international Division.

Under Mr. Georgescu’s leadership, Young & Rubicam successfully transformed from a private to a publicly held company. Also during his tenure, Young & Rubicam built the most extensive database on global branding and, from its findings, developed a proprietary model for diagnosing and managing brands. Within the marketing community, he is known as a leading proponent of creating unified communications programs, agency accountability for measuring the impact of communications programs, and structuring value-based agency compensation. In recognition of his contributions to the marketing and advertising industry, Mr. Georgescu was elected to the Advertising Hall of Fame in 2001.

Mr. Georgescu immigrated to the United States from Romania in 1954. He was educated at Exeter Academy, received his B.A. with cum laude honors from Princeton and an MBA from the Stanford Business School.

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#3) On August 21, 2010 at 9:05 AM, gnulaw (47.20) wrote:

(December 21, 2005)  Matt Carey Named Chief Technology Officer for eBay Marketplaces.

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#4) On August 22, 2010 at 7:30 AM, gnulaw (47.20) wrote:

Langone "partners" now control sixty seven (67%) percent of the Geeknet  (GKNT) Board of Directors.

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#5) On May 21, 2011 at 8:32 AM, gnulaw (47.20) wrote:

Suzanne Present makes a return appearance...files SEC Schedule 13D May 12 as GKNT's largest shareholder.

Related history.

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