repurchase shares, and pay down debt as it comes due. Richard Weil has been CEO of Janus Capital Group since February 2010. Steven Scheid , who has been chairman of the board since January 2004, announced his retirement (effective April 2012), and will be
environment, especially considering the current multiple on the stock, and don't consider the retirement of chairman Steve Scheid (who has been a director since December 2002 and chairman since January 2004) as any indication of a change in strategy
Janus Capital Group JNS announced Tuesday that CEO Mark Whiston has resigned. Janus chairman Steve Scheid was named to replace Whiston as CEO. Scheid, 50, a former executive of The Charles Schwab Corporation, joined the Janus board
result of these changes, seven of the 10 directors of Janus' board are independent, including the board's chairman, Steve Scheid , Janus said in a press release. Denver-based Janus Capital also revealed that it suffered $2 billion in outflows in
it appears that CFO David Martin is leaving of his own accord. Martin, who joined the company in 1995 under interim CEO Steve Scheid , has presided over a number of initiatives aimed at stabilizing Janus' finances, including a round of share buybacks and
succession plan. President and chief investment officer Gary Black will take over the top spot in January 2006. Current CEO Steve Scheid will remain chairman. When Black joined the company in 2004, Janus was in sore need of professional and seasoned management
his place. Though CFO departures can be red flags, we don't think this one is. Martin was a longtime colleague of CEO Steve Scheid when they both worked at Schwab SCH. Scheid recently hired Martin as executive vice president of finance with the intention
questioned whether the longtime insider had the ability to do this effectively. Replacing Whiston is an outsider--chairman Steve Scheid . In true Janus fashion, Whiston isn't leaving empty-handed. He's receiving a $17 million severance package, which
Whiston and the settlement with the Securities and Exchange Commission were pivotal, as were conversations with new CEO Steve Scheid . The fund analysts continue to worry about fund performance, and with good reason. Unless this improves, we believe investors
whether the longtime insider had the ability to do this effectively. Whiston will be replaced by an outsider--chairman Steve Scheid . In true Janus fashion, Whiston won't leave empty-handed. He will receive a $17 million severance package, which