theglobe.com Loses Co-CEOs
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The founders of community site theglobe.com, Inc. have stepped down after seeing its stock fall into the single digits and experiencing wider-than-expected losses.
Stephen Paternot and Todd Krizelman said Friday they will step down as co-chief executive officers, with current Chief Operating Officer Dean Daniels taking the role of president. The search for a new CEO has begun, and is expected to be in place by the second quarter, the firm said. Paternot and Krizelman will remain on the board to focus on business strategy and new products.
theglobe.com (TGLO) is a network of e-mail clubs and personal Web sites, where people form communities revolving around similar subjects.