Priceline's Troubles Continue; CFO Resigns

The high-profile Priceline.com, a name-your-own-price Web site for travel, lodging, groceries and other amenities, continues to ride a rough road. News several weeks ago that its price per share had decreased, along with a drop in consumer confidence, has forced the online site to lay off 16 percent of its employees.

This equates to 87 of 535 total employees. Also leaving is Heidi Miller, Priceline's CFO, who worked for the company a short eight months.

Miller received some press when she first joined Priceline because she left a somewhat prestigious job at Citibank to pursue the dotcom. As expected, she was quoted as saying she left Priceline to pursue interests in a more established business environment.

Miller's flight from the dotcom is nothing new. All around the world, executives are seeking the solid ground of a stronger employer instead of riding out the realm of the New Economy.

Perhaps even William Shatner will find a new gig!

You may like these other stories...

While reputational risk is the No. 1 nonfinancial concern among corporate directors, cybersecurity/IT risk is gaining steam. In fact, both private companies and organizations with more than $1 billion in revenue felt they...
We've all been there. Trying to make our work-lives more efficient, transfer knowledge to newer team members, and leverage our practices. Sometimes it works, and sometimes, well, the result is embarrassing at best.Here...
From May 20-23, the Association for Accounting Marketing (AAM) held its annual conference. Frequent contributor Sally Glick picked up some ideas that she will be sharing with us in the coming days, as she has done in...

Upcoming CPE Webinars

Jul 31
In this session Excel expert David Ringstrom helps beginners get up to speed in Microsoft Excel. However, even experienced Excel users will learn some new tricks, particularly when David discusses under-utilized aspects of Excel.
Aug 5
This webcast will focus on accounting and disclosure policies for various types of consolidations and business combinations.
Aug 20
In this session we'll review best practices for how to generate interest in your firm’s services.
Aug 21
Meet budgets and client expectations using project management skills geared toward the unique challenges faced by CPAs. Kristen Rampe will share how knowing the keys to structuring and executing a successful project can make the difference between success and repeated failures.