Share this article

print logo

ANTONINI BLAMES OUTSIDERS FOR OUSTER

Ousted Kmart Corp. chief executive Joseph Antonini blames his downfall on outsiders who refused to recognize that he already had put in place changes necessary to revive the ailing discount retailer.

Speaking publicly for the first time since he resigned Tuesday as president and CEO, Antonini portrayed his departure as a mutual decision between himself and Kmart's board of directors.

"The pressure was so great from the outside sources, including the media . . . that it wouldn't allow us to do our job," he said Thursday.

"They just continued to give so much attention to something that was old news," he added. "The business world is that way today . . . we have to perform and when the results aren't there, it makes it difficult."

There are no comments - be the first to comment