David Dunn: Zip Goes The Ceo

The revolving door keeps turning at Iomega, the beleaguered maker of data-storage devices, where Chairman David Dunn can't seem to keep a chief exec in place for long. CEO Jodie Glore, who was brought in only 10 months ago to replace Kim Edwards, abruptly announced his departure on Aug. 22 for "personal reasons." Dunn, who has switched chief executives seven times since co-founding Iomega in 1980, has stepped in as acting CEO until another new chief can be found. Unlike Edwards', Glore's resignation does not appear forced. In a letter to shareholders, Dunn said the move "was not because of a lack of confidence in [Glore]."

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