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Baidu Shares Fall on CFO's Death

     
2:55 pm on Jan 2, 2008 (gmt 0)

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Shares of Baidu.com, owner of China's most popular Internet search site, fell after the death of its chief financial officer, Shawn Wang. Mr. Wang died in an accident on Thursday, the company said in a statement on Saturday. A group of senior managers will take on his duties until a successor is named. Under Mr. Wang, Baiduís shares soared past $400 in the United States last month, a 15-fold gain from their initial price of $27.

Baidu Shares Fall on CFO's Death [nytimes.com]

1:34 am on Jan 30, 2008 (gmt 0)

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Aparently this was a swimming accident. The family has chosen not to release details.

Baidu shares [finance.google.com] haven't been doing all that well this month and have been rated "Sell".