Pulling the cord: Comp Care CEO to step down - Tampa Bay Business Journal:

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Johnson is taking an early retiremen forhealth reasons, according to the "I gave it a lot of thought and decideds this will be best for me and the Johnson said. She'll walk away with a severance package ofabout $416,000 -- twicwe her annual salary -- because her resignation fallzs within one year of the time ( : HYTM), a Los Angeles-based health services management firm, acquired majority controll of CompCare, the filing said. CompCare (OTCBB: a Tampa-based firm that provided behavioral health managedcare services, recognized the severance coste in its just-ended third quarter, the filinb said. That's partly why the company postedxan $873,000 loss on revenure of $9.
8 million for the three months endedc Sept. 30, compared to a loss of $70,000 on revenuee of $4.2 million in the year-ago period. Johnson joined CompCarw in 1997 and was COO beforer she was named president and CEOin 2000. She said interviewx are under way with CEO candidates and a decisionh could come in the next coupleof "There are a lot of good thing s on the horizon, and this company needzs someone with a lot of energy to take it to the next said Johnson, who will stay on as a consultang for as long as needee in a transition. WOUNDED LION: A financial services company in Tampa is being accused of contributinfg to the downfall of a once high flyinbg Orlandodevelopment company.
A $48 million lawsuit filed by defunct late last montn is blaming Atlantic American Capital Advisors LLC for a portiomn of itsfiscal difficulties. Mirabilis claimxs that between 2004 andthis year, AACA owners provided Mirabilis with falsed information about business opportunities, which they say collectef money for their own benefit. Mirabilis invested $16 millionm in various projects promoted by AACA where they expected to see a returnof $48 Bob O'Malley, a spokesman for said. The company is suing to receive what they said they were told thei returnwould be.
Among the many unproven allegationsa in thecourt records, the lawsuit filedc in the in Orange County also claims that AACA as well as convincexd Mirabilis to invest in , a company that was seekingh additional funding. The suit claims that the companty forged the nameof Mirabilis' chief operatinf officer on credit line documents in orderr to receive a line of credit. Repeatexd calls over two weekds to AACA principal Robert Moreyra and PeterCollins [listeed in state records as seeking comment and balance were not Mirabilis announced Oct. 12 that it was shuttering its company with total lossesof $285 millionb along with other costs and punitivew damages.
Since the beginning of the year, 24 legalo actions had been filed againstg the company with 16 of them either dismissecor settled. Of the eight remainingb lawsuits at the Mirabilis had filed counterclaimsfor $14 million and said that additionaol suits from loan or investments where Mirabilis was not reimbursed or didn't generate promised returnsa would be filed in the cominhg weeks, its spokesman said.
Mirabilis executivesd said they were assigning all the proceed s from the divestitures and lawsuits to the until it can determinr whetherMirabilis -- as a creditor for the now-defunct -- is liabl e for any unpaid payroll taxes incurred by Presidion and its USF GREENING TO TAKE TIME: The Universitg of South Florida is known as the home of the greejn and gold. Well, maybe not so much the When addressing attendeesat Tuesday's Tampa Bay Businessa Journal Power Breakfast on building architect and consultant John Toppe said all of Florida'd state universities had latched on to environmentally friendly greenb building, save one: USF.
That statement came after Jennifer Isenbeck, a mechanical engineer at USF, told a panelk at the school last month thatthe university's buildings were in serious need of redesign to becom e more green-oriented. "There is no reason to have all the light on or run the air conditioning all nightwhen there'ss no one in the buildings," Isenbec said, according to the student newspaper The Oracle.