Talk:Romeo Kreinberg

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Dow chemical company separation in 2007

This article glosses over why Mr. Kreinberg left Dow suddenly in 2007. His lawsuit against Dow for his termination and the lawsuits eventual resolution. This is covered in the article on The Dow Chemical Company https://en.wikipedia.org/wiki/Dow_Chemical_Company which has a section on 2007 dismissal of Senior executives. I think the article about Mr. Kreinberg would be improved if it either linked to the Dow Chemical article section about his dismissal or covered in more detail the cause of his separation from Dow.

2007 dismissal of senior executives[edit] On 12 April 2007, Dow dismissed two senior executives for "unauthorized discussions with third parties about the potential sale of the company". The two figures are executive vice president Romeo Kreinberg, and director and former CFO J. Pedro Reinhard. Dow claims they were secretly in contact with JPMorgan Chase; at the same time, a story surfaced in Britain's Sunday Express regarding a possible leveraged buyout of Dow. The two executives have since filed lawsuits claiming they were fired for being a threat to CEO Liveris, and that the allegations were concocted as a pretext. However, in June 2008 Dow Chemical and the litigants announced a settlement in which Kreinberg and Reinhard dropped their lawsuits and admitted taking part in discussions "which were not authorized by, nor disclosed to, Dow's board concerning a potential LBO" and acknowledged that it would have been appropriate to have informed the CEO and board of the talks.2007 dismissal of senior executives[edit] Wysockat85 (talk) 20:00, 19 July 2023 (UTC)[reply]