Atmel investors defeat former CEO's corporate shake-up attempt

Taylor, Colleen
June 2007
Electronic News;6/18/2007, Vol. 53 Issue 25, p2
Trade Publication
The article reports that investors at Atmel Corp. rejected the campaign of former chief executive officer (CEO) George Perlegos to revamp the company by replacing five members of the company's board and installing Steven Laub as new CEO. Perlegos was fired from the CEO post over the alleged misuse of Atmel's corporate travel funds. Laub said that their shareholders can continue to have confidence in their commitment to implement additional strategic and operational actions throughout 2007.


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