Farewells dotted the corporate landscape last week, nearly matching the number of fallen leaves.
– Philip A. Marineau, at 49 presumably in line to eventually succeed William D. Smithburg as Quaker Oats Co. chairman and chief executive, instead resigned as president and chief operating officer. Wall Streeters believe Marineau took the heat for disappointing results from Snapple beverages, which Quaker acquired late last year for the hefty price of $1.7 billion.
– Charles Chinni, merchandising chief at Kmart Corp., continued the executive exodus at the troubled retailer by quitting after only eight months on the job.
– James Treybig, president, chief executive and founder of Tandem Computers Inc., agreed to step aside when the company finds a successor who will try to revitalize the poor performer.
