St. Joe CEO Rummell to step down

[TooFarTampa]

FYI:

Rummell to step down at St. Joe

Peter S. Rummell, who has led the transformation of St. Joe Company from paper-maker to place maker, is stepping down as chief executive of the Jacksonville company in mid-May.

Rummell, a former Disney executive, will remain chairman and be replaced in the top executive spot by Britt Greene, St. Joe's president. The publicly traded company, which owns about 700,000 acres in Florida, continues to suffer from a weak residential real estate market. It reported 2007 earnings of $39.2-million or 53 cents a share on revenues of $377-million compared to net income of $51-million or 69 cents a share on revenues of $524.3-million a year ago.

-- Kris Hundley, Times staff writer

 

[SHELLY]

Rummell and Castro announce they're stepping down on the same day....coincidence? :shock:


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[Bobby J]

Rummell and Castro announce they're stepping down on the same day....coincidence? :shock:


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I think I love you!

 

[seaside2]

Maybe the price of Joe will go up and the price of cuban cigars will go down!!!!:rofl:

 

[Smiling JOe]

surprise, surprise. Why the heck does it take six months for a CEO to officially publicly announce that he is out-ta-here?

 

[NIMBY]

First post, and the above posters are not going to like it. Perhaps the posts were all made in fun? But just to keep the record straight,
St. Joe has done an incredible job blending in with the community. Watercolor is an outstanding development, (only to be bested by Allys?), and an incredible asset to the area, ditto for WaterSound. As far as inobtrusive developments that harmonize with the area, you could not ask for better neighbors. Be thankful you have a neighbor that utilized deep pockets to recognize an area rich in natural beauty and created developments that will stand the test of time, and that compliment and add to the overall livability of the the area. I hope all appreciation a well thought-out, well developed community that has enhanced the area, not subtracted from it. Those of you who care about the stock price, or the CEO leaving, you have/are not interested in what was created for the community and have other issues. Take a stroll through the developments on a beautiful Spring day and tell me I am wrong.
First post concluded.

 

[Bobby J]

First post, and the above posters are not going to like it. Perhaps the posts were all made in fun? But just to keep the record straight,
St. Joe has done an incredible job blending in with the community. Watercolor is an outstanding development, (only to be bested by Allys?), and an incredible asset to the area, ditto for WaterSound. As far as inobtrusive developments that harmonize with the area, you could not ask for better neighbors. Be thankful you have a neighbor that utilized deep pockets to recognize an area rich in natural beauty and created developments that will stand the test of time, and that compliment and add to the overall livability of the the area. I hope all appreciation a well thought-out, well developed community that has enhanced the area, not subtracted from it. Those of you who care about the stock price, or the CEO leaving, you have/are not interested in what was created for the community and have other issues. Take a stroll through the developments on a beautiful Spring day and tell me I am wrong.
First post concluded.

I was stoked about Castro. No bad feelings here about Watercolor or Watersound. I think commercially they were a little short sighted but overall I would give them a B plus. I am really hoping Cuba becomes a little more stable with Castro leaving. The surf is really good there and I hate to think of all those wasted waves!

 

[GoodWitch58]

First post, and the above posters are not going to like it. Perhaps the posts were all made in fun? But just to keep the record straight,
St. Joe has done an incredible job blending in with the community. Watercolor is an outstanding development, (only to be bested by Allys?), and an incredible asset to the area, ditto for WaterSound. As far as inobtrusive developments that harmonize with the area, you could not ask for better neighbors. Be thankful you have a neighbor that utilized deep pockets to recognize an area rich in natural beauty and created developments that will stand the test of time, and that compliment and add to the overall livability of the the area. I hope all appreciation a well thought-out, well developed community that has enhanced the area, not subtracted from it. Those of you who care about the stock price, or the CEO leaving, you have/are not interested in what was created for the community and have other issues. Take a stroll through the developments on a beautiful Spring day and tell me I am wrong.
First post concluded.

What?

 

[SHELLY]

First post, and the above posters are not going to like it. Perhaps the posts were all made in fun? But just to keep the record straight,
St. Joe has done an incredible job blending in with the community. Watercolor is an outstanding development, (only to be bested by Allys?), and an incredible asset to the area, ditto for WaterSound. As far as inobtrusive developments that harmonize with the area, you could not ask for better neighbors. Be thankful you have a neighbor that utilized deep pockets to recognize an area rich in natural beauty and created developments that will stand the test of time, and that compliment and add to the overall livability of the the area. I hope all appreciation a well thought-out, well developed community that has enhanced the area, not subtracted from it. Those of you who care about the stock price, or the CEO leaving, you have/are not interested in what was created for the community and have other issues. Take a stroll through the developments on a beautiful Spring day and tell me I am wrong.
First post concluded.

I personally prefer what Mother Nature "did" with the place before JOE "created" the cartoon villages. I took a stroll through this area in the 1970s on a beautiful Spring day and I'll tell you--you are wrong.

As far a JOE's stock goes; paying $36-and-change for 1? of net income (and no dividend) is a bit rich for my blood.

Other than that...


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[scooterbug44]

They think St. Joe has their interests, the overall community's interests, and the environment's interests at heart.

And it's unobtrusive. :rofl:

wishwewerethere!