Hangups At Cincinnati Micro
EMBATTLED CORDLESS TELEphone maker Cincinnati Microwave last week lost its sixth senior executive in 18 months when Chief Operating Officer John Noland "resigned to pursue other interests." Now, sources close to CMI say CEO Jacques Robinson may have lost the trust of the company's outside directors and could go next. Noland's departure followed a BUSINESS WEEK article (Nov. 6, 1995) alleging the company had tried to cover up extensive problems in design, procurement, and manufacturing of phones last year. Robinson denies any cover-up. Noland was unavailable for comment. CMI hasn't turned a profit since 1988, and its stock has plummeted from 21 1/8 in August to a recent 4 1/2.