John McKay, Getty’s recently hired legal SVP leaves company
The Seattle Times reports that John McKay, who joined Getty Images as senior vice president and general counsel on June 1 of this year, has left the company to return to academia. McKay will take the position of director of a new ethics center at Seattle University. As the US attorney for the Western District of Washington, McKay was among eight US attorneys dismissed by the White House in a controversy that ultimately lead to the resignation of Attorney General Alberto Gonzales.
According to the Seattle Times article, McKay would not comment on his brief tenure at Getty on the grounds that it would be inappropriate to discuss ongoing legal issues. He did, however, express his appreciation to Getty CEO Jonathan Klein for consenting to the move. A Getty spokesperson would only say that the parting was amicable on both sides.
Getty’s stock stood at $50.57 as of the end of McKay’s first day on the job at Getty. Three and a half months later, as of the end of his last day on the job, it closed at $28.45. We do not believe McKay had much impact on he share price during his tenure. It would not be surprising, however, if the changing fortunes at the company hastened his departure.
Click here to view the original Seattle Times story.
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