The same day Terry Lanni resigned as chairman and CEO of the MGM Mirage, he also resigned from the board of KB Home. Lanni’s resignation was voluntary and he had no disagreements with the company, according to KB Home.
Lanni joined the board in 2003 and sure enough, that news release announcing his election touted the disputed information that Lanni has received his MBA from the University of Southern California.
MGM Mirage spokesman Alan Feldman said he believed Lanni was going to resign from the business boards and remain only on nonprofit boards. The exception is that he’ll remain on the MGM Mirage board of directors.
Just caught up with Jim Murren’s Nov. 24 interview on “Face to Face” and was intrigued how he answered the question about Lanni’s resume inflation.
Murren insisted Lanni’s resignation wasn’t connected to the Wall Street Journal story.
If the resignation had been tied to the story, Murren said Lanni is such a fighter he would have stuck around and said something like" “OK, let’s work on this issue. Was there a discrepancy? Yes. Am I sorry? Yes. Let’s move on.”
Hmmm. The one thing I haven’t heard Lanni say is that he’s sorry.