given the spiral downward, the pence return euphoria is officially dead.

but not to be dissapointed so soon.

"As a result of Mr. Griesemer's departure, the Company expects to record a pre-tax charge of approximately $4.1 million during the third quarter of fiscal 2009, which includes cash severance of $2.0 million and stock based compensation expense of $2.1 million related to the acceleration of all unvested equity awards.
"

so pence accepts $1 salary to offset griesemer's payoff. August was dismal, september the same, and NOTHING for october can make up the q's LOSING numbers ... again.

We will see the blood soon enough in the p&l. Hopefully, SG&A will go up 10%+.