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  • Badge of Silver sire of Zero Yield 1st Mdn (Feb 09, 2nd AQU). Owner, Klaravich Stables, Inc. and Lawrence, William H.; Breeder, John Castro...
  • Kela sire of Goodnessgraciousme 1st Alw (Feb 09, 5th OP). Owner, Margaux Farm LLC; Breeder, Margaux Farm LLC & Kela Partners...
  • Petionville sire of Somoville 1st Mdn (Feb 09, 3rd DED). Owner, Sam Guarino; Breeder, Ackel Thoroughbred Farm...
  • Street Sense sire of Afford 1st Alw (Feb 09, 7th FG). Owner, Jim Tafel LLC; Breeder, James Tafel...
  • Mobil sire of Oilton 1st Alw (Feb 09, 4th LRL). Owner, Richard P. Butts, Jr.; Breeder, Bernard & Karen McCormack...
  • Street Cry (Ire) sire of Birdway 1st Mdn (Feb 09, 4th GP). Owner, Marylou Whitney Stables; Breeder, Marylou Whitney Stables LLC...
  • Albert the Great sire of Reign of Kings 1st Alw (Feb 09, 8th TAM). Owner, Derek S. Ryan; Breeder, Thomas J. Young...
  • Sorcerer's Stone sire of Miss Stone Express 1st Alw (Feb 08, 9th DED). Owner, Whispering Oaks Farm LLC (Castille); Breeder, Carrol J. Castille...
  • Discreet Cat sire of Panthro 1st Alw (Feb 09, 7th AQU). Owner, Piser, Donald H. and Hough, Stanley M.; Breeder, Empire Equines, LLC...
  • Domestic Dispute sire of Angie Girl 1st Mdn (Feb 09, 2nd CT). Owner, D A S L Stable; Breeder, Bowman & Higgins Stable...
  • Stormy Atlantic sire of Battle Harbour 1st Mdn (Feb 09, 1st CT). Owner, Brown, Jr., Donald L. and Beattie, Stephanie S.; Breeder, Garland E. Williamson...
  • Giant's Causeway sire of Fed Biz 1st Alw (Feb 09, 2nd SA). Owner, Kaleem Shah Inc.; Breeder, Colts Neck Stables LLC...
  • Yes It's True sire of Coco Rose 1st Mdn (Feb 09, 7th TAM). Owner, Thomas M. Clark; Breeder, Thomas Clark Bloodstock LLC...

NEWS

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Yuen steps down as Gemstar CEO, Shell takes the reins

Posted: Wednesday, October 09, 2002

Dr. Henry Yuen has resigned as chief executive officer of Gemstar-TV Guide International Inc., the parent company of Television Games Network. Yuen will serve as chairman in a non-executive capacity while Jeff Shell will succeed Yuen as CEO.

Also stepping down was Chief Financial Officer Elsie Leung, who will remain on the board under a new three-year agreement and will pursue international opportunities for the company with Yuen. They will receive $7-million and $22-million, respectively, in termination payments. Executive Vice President Paul Haggerty will act as CFO until Gemstar completes its search for a permanent replacement for Leung.

The high-end personnel moves come amid Gemstar's trouble with the Securities Exchange Commission for failure to disclose second-quarter earnings in a timely matter. Gemstar also has lost some court battles regarding its patents for interactive programming guide technology.

Gemstar's stock continues to flounder, though it did post a mild rally this afternoon, closing up $0.66 at $3.25 per share. That price is 89.5% off the 52-week high of $31.001 per share.

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