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November 24, 2005 -- (WEB HOST INDUSTRY REVIEW) -- Managed hosting provider SAVVIS (savvis.com) said late on Wednesday that it had accepted the resignation of embattled CEO Robert McCormick. Chief operating officer Jack Finlayson, acting CEO since McCormick went on leave several weeks ago, will continue in that role.
McCormick was placed on unpaid leave earlier this month shortly after American Express filed suit against SAVVIS in an attempt to recoup payment for a $241,000 bill McCormick allegedly ran up at popular New York adult entertainment bar Scores. The bill was charged to McCormick's corporate American Express card and went unpaid for two years.
McCormick, who was reportedly entertaining a small group of guests, refuses to pay the bill, alleging that the majority of the charges were fraudulent. He says only $20,000 of charges was authorized.
Neither SAVVIS nor McCormick has paid American Express. Scores has already been compensated for the full amount after reportedly providing American Express with evidence that the full $241,000 in charges was legitimate.
Last week, SAVVIS filed to have the charges dismissed because the charges were not business expenses. The company says McCormick, who never submitted the charges for reimbursement, is responsible for paying the full amount.
The company says it has completed an internal probe into the matter, which re-confirmed that McCormick did not submit the expenses for reimbursement and that SAVVIS did not make any payments to American Express.
Read Back Issues of WHIR Magazine
October 2009 - Web Hosting's All Star Team
This has been, for us, one of the most interesting, exciting and challenging build-ups to an issue of the magazine yet, Web Hosting's All Star Team. The balloting process was our first experiment with a kind of user participation we're planning to do a lot more with in the months to come. We had thousands of ballots submitted, with hundreds of write-in suggestions and a demonstration of user engagement that has us feeling super positive about the project.
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July 2009 - What am I Worth?
One of the interesting luxuries of working on a project like the printed WHIR magazine is that it allows us to play with things like our point of view from one issue to the next. In recent months we've been giving added attention to the kind of practical and applicable advice aimed at smaller hosts and resellers. This issue carries on with that point of view, asking, in our cover story, "what am I worth?" It's a complicated question without a clear-cut answer.
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May 2009 - The Blueprint for a Small Web Host
I was a little surprised by how difficult it became to see this idea through. We set out to assemble a blueprint for a small hosting business, but butted up pretty quickly against the general impossibility of covering all the territory that was out there to be covered. The basic constraints of a printed magazine, and the less-than-infinite amount of time we had available forced us to face the fact that we could never produce an exhaustive guide to starting a hosting company.
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