The Staubach Company, the commercial real estate company and four-time Inc. 500 winner founded by former quarterback Roger Staubach, has been sold to Jones Lang LaSalle for $613 million, with another $114 million tied to future performance. "My wife keeps saying, 'Roger, are you OK?' " says Staubach. "I'm fine. It's change, though, which can be emotional."...Diane Greene, CEO and co-founder of VMware (NYSE:VMW), has been replaced. The Silicon Valley software company went public last year; it has fallen short of forecast lately. "This is going to be a big change," says Gartner (NYSE:IT) analyst Thomas Bittman. "VMware's aggressiveness, the us-against-everybody mentality, that came from Diane."...Editor and publisher Clay Felker has died, at 82. The early days at his signature venture, New York magazine, were "like a Judy Garland -- Mickey Rooney movie where the kids put the show on in the barn," says film critic Judith Crist, an early employee. Felker took the magazine public in 1969; Rupert Murdoch seized control of the business in 1977....Port Washington, New York -- based Steve & Barry's, which sells Sarah Jessica Parker apparel and Stephon Marbury sneakers, has filed Chapter 11. In a statement, founders Barry Prevor and Steve Shore described themselves as "devastated," adding, "We have been through 23 years of economic cycles, but we never thought it would be possible for things to change so quickly and dramatically."
Sep 1, 2008