Coleman Stipanovich resigns

DECEMBER 04, 2007

After seven years of overseeing Florida's investment portfolio, Coleman Stipanovich suddenly resigned his $182,000 job moments ago amid upheaval over a massive withdrawal of the local government investment pool.

"There is nothing more important to me except my family and friends than to restore confidence from the people in the State Board of Administration," he said moments ago. "So today I'm doing that by doing the right thing."

Stipanovich had appeared to lose confidence of two of his bosses: Gov. Charlie Crist and CFO Alex Sink, even though both officials praised him after his resignation.

Posted by Alex Leary at 11:53:06 am on December 04, 2007 | Permalink | Comments |

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