Jay Walker: Walking Away From PricelinePamela L. Moore
Jay Walker, the boyish, fast-talking founder of Priceline.com, couldn't make a winner out of any of his companies in 2000. Two closed in October, including WebHouse Club, his name-your-own-price outfit for groceries. Another delayed its initial public offering, while Priceline and sister company Walker Digital suffered painful layoffs. On Dec. 31, Walker decided it was time to quit. The controversial entrepreneur gave up his board seat at Priceline. He leaves behind a company whose shares now trade at $1 and change, far below their $162 post-IPO peak.
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