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Arthur M. Goldberg, Unexpectedly Dies; Bollenbach Will Provide Interim General Oversight |
LAS VEGAS -- Oct. 19, 2000--The Board of Directors of Park Place Entertainment
(NYSE:PPE)) sadly announces that its President and CEO, Arthur M. Goldberg,
has unexpectedly and suddenly passed away early this morning. Mr. Goldberg
was 58 years old.
The Board of Directors will meet today to begin the search for a new CEO. Until a new CEO is selected, the company�s day-to-day operations will continue to be managed under the direction of Park Place�s four senior executives. These executives are Wallace R. Barr, Executive Vice President�Eastern Regions; Clive S. Cummis, Executive Vice President and General Counsel; Mark R. Dodson, Executive Vice President�Western Region; and Scott A. LaPorta, Executive Vice President and Chief Financial Officer. These executives are the same team that had run Park Place effectively during Mr. Goldberg�s previous medical absence. During this period, at the direction of the Board of Directors, Company Chairman Stephen F. Bollenbach will provide general oversight while maintaining his role as CEO of Hilton Hotels Corporation. �Arthur M. Goldberg was a true leader, visionary and builder of great
companies. He has left behind the biggest, best and most financially healthy
gaming company in the world,� said Mr. Bollenbach. �He has also left behind
the best
Mr. Goldberg is survived by his wife Veronica, his four children and
six grandchildren. Gifts in Arthur Goldberg�s memory can be made to the
Arthur M. Goldberg Memorial Fund at Johns Hopkins Medicine:
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The MWW Group for Park Place Entertainment Michael W. Kempner 201/507-9500 |
Also See | Arthur Goldberg Named �Gaming Executive of the Year� by Casino Journal / Nov 1999 |