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Falcone steps down as CEO from Harbinger

2014-11-25 17:47:49| Food - Topix.net

Philip Falcone, once one of the world's most closely watched investors, is stepping down as chairman and chief executive of Harbinger Group Inc. ( Board member Joseph Steinberg will become chief executive at Harbinger Group, a publicly traded holding company, until a permanent replacement is found, the company said in a news release on Tuesday. Falcone will be paid $40.3 million for the work he has done at Harbinger Group.

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