Former Vonage CEO to Receive $1.2 Million in Severance, Benefits

Vonage Holdings Corp. in an SEC filing late Wednesday laid out how much it paid former CEO Michael Snyder upon his April 11 resignation. Snyder will receive $150, 685 in bonuses for 2007; $1.1 million, or two-times Snyders base salary; $45, 833, or a months base salary; and $50,000 for outplacement services, an addition Snyder […]

Vonage Fraught With Troubles Amid Patent Case Loss

Vonage Holdings Corp.s stock hit its lowest point ever this week and CEO Michael Snyder resigned as the company dealt with the fallout from losing a VoIP patent dispute to Verizon Communications Inc. At press time, Vonage was likely to pay millions more in bond money than originally expected and it faced the prospect of […]

Vonage CEO Resigns, Company Restructures

Michael Snyder, CEO of Vonage Holdings Corp., has resigned. The company made the announcement early Thursday morning at its investor conference call. Snyders resignation was effective on April 11. It came as part of a broader restructuring, said Jeffrey Citron, Vonage founder. Citron will serve as interim CEO while Vonage searches for Snyders replacement. It […]

Vonage Names New CEO, Prepares IPO

A day after it filed documents with the Securities and Exchange Commission to introduce an IPO, Vonage Holdings Corp. on Thursday announced it has named a new CEO. Vonage hired Michael Snyder, who comes to the company from ADT Security Services Inc., where he served as president from 1997 to 2006. He will begin work […]

Dynegy Global Communications to Pursue Ventures

Dynegy Inc. (, the Houston-based energy merchant, has assured investors for months its telecommunications unit will get out of the red. In the meantime, Dynegy has disclosed its network isn’t worth its original value. For the second consecutive quarter, Dynegy said it would post approximately a $300 million charge to reflect a noncash writedown in […]

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