Jerry Starkey

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WCI Files Restructuring Plan

Proposal has not been endorsed by committees representing the company's creditors. More

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WCI Loses Interim CFO

WCI Communities vice president, treasurer, and interim CFO Ernest J. Scheidemann has resigned. More

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WCI Falls Into Bankruptcy

Company files under Chapter 11, dismisses CEO Jerry Starkey and appoints COO David Fry to interim CEO post. Meanwhile, it plans to continue day-to-day operations. More

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WCI Communities Files Chapter 11

Florida builder had been unsuccessful at restructuring its debts; CEO Jerry Starkey out. More

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WCI, Facing Deadline, Improves Offer to Creditors

Luxury public builder does not have cash to cover upcoming $125 million debt call. More

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WCI Offers Sweetened Deal to Creditors

WCI Communities is offering its creditors a sweeter debt deal to back off on their demands to be repaid early. More

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WCI Revenue Plunges 59.5 Percent; Company Reports $84.1 Million Loss

CEO Jerry Starkey calls it "a very tough and very disappointing quarter" for Florida-based builder. More

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WCI Says 2007 Loss Is $578.5 Million, Much Larger Than Estimates

Company impairs $412 million for the year as CEO Jerry Starkey warns that it may not be able to pay off $125 million in convertible notes with an Aug. 5 put date. More

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WCI, Battered, Girds for a Long Slump

Says CEO Jerry Starkey: ""We are going to run this business as though this is going to continue through 2008 and into 2009." More

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WCI Communities Exec is Stepping Down

WCI Communities, the Bonita Springs, Fla.-based home builder that caters to primary, retirement, and second-home buyers, announced late Tuesday that Christopher J. Hanlon, senior vice president and chief operating officer of their Tower Homebuilding division, will leave the company at the end of the year. "We appreciate the leadership Chris has provided over the past 16 years and the significant role he has played in growing our Tower business. We wish Chris well as he pursues entrepreneurial opportunities," said Jerry Starkey, WCI president and CEO, in a press statement. More

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