Nantucket, Mass., Steamship Authority CEO May Resign.

From: Knight Ridder/Tribune Business News | Date: April 23, 2004 | Copyright information

By Frederick Melo, Cape Cod Times, Hyannis, Mass. Knight Ridder/Tribune Business News

Apr. 23--After two tumultuous years at the helm of the Woods Hole, Martha's Vineyard and Nantucket Steamship Authority, CEO Fred Raskin has signaled he may soon jump ship.

In a one-sentence letter to the boat line's board of governors, Raskin triggered a clause in his contract allowing him to resign without penalty and giving Steamship Authority officials the option to fire him.

Raskin indicated he was terminating a "readjustment period" written into his contract in October ...

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