No. 5 Dale Black (Chief Financial Officer): Trump Entertainment Inc
Place your bets. First James Perry, then Virginia McDowell, and now Dale Black, the third high-ranking Trump Entertainment executive to leave the company to join Isle of Capri Casinos, Inc. It should have been no surprise to Trump Entertainment when Black dealt his last card since he is very close to the two former executives Perry and McDowell. Early in 2007 the company’s three casinos; Taj Mahal, the Plaza and the Marina, received new five-year licenses from the NJ State Casino Control Commission due in large to the financial testimonial made by Black. Trump’s casinos are still emerging from debt after bankruptcy reorganization in 2005. When his resignation was made public Trump Entertainment stocks fell by 5.7% to $4.64 . Will other people follow the executive’s lead? Or, will they wait to see if the Trump house is losing its advantage?