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IRI challenges

This article was originally published in The Rose Sheet

Executive Summary

Information Resources, Inc. stockholder Chap-Cap Partners pushes for resignation of IRI Chairman, CEO and President Joseph Durrett or sale of the company in Feb. 13 filing with Securities & Exchange Commission. Chap-Cap Partners, which purchased 1.6 mil. shares of IRI recently, says IRI stockholders have been "gutted financially to the tune of 80%" since Durrett's "ill-fated" appointment to the post in May 1999. Durrett announced at a Feb. 7 analysts call that IRI is "exploring potential partners that might help expedite our progress" in better feeding client data needs and increasing return on stock equity. Termination of market research firm's contract with P&G will expire in June 2003 (1"The Rose Sheet" Dec. 16, 2002, In Brief). Total billings for P&G in 2002 accounted for less than 10% of U.S. revenue, IRI reports...
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