Long-time Vonage-watchers may have experienced a quick shot of déjà vu with last week's restoration of Jeffrey Citron as interim CEO. It's Citron's second time around as CEO, an office he held from 2001 until early 2006. But before he got to Vonage, Citron had hit some heavy waters with the Securities and Exchange Commission. As CEO of Datek Online Holdings, he agreed in 1999 to a $22.5 million settlement in a securities fraud investigation having to do with NASDAQ's "pink sheets" trading system. As part of the settlement, he neither admitted or denied the charges. There had been speculation that Citron brought now-ousted successor Michael Snyder in to allay fears of underwriters skittish about Citron's background.
For more about Citron's past and present:
- read this article [1] from Network World
Related Article:
Vonage CEO steps down. Report [2]
Links:
[1] http://www.networkworld.com/news/2007/041207-vonage-interim-ceo-faced-sec.html
[2] http://www.fiercevoip.com/story/breaking-news-vonage-ceo-steps-down/2007-04-12