LAS VEGAS Park Place Entertainment Corp. said Chief Executive and President Arthur Goldberg died on October 19. He was 58.
The company didnt give a cause of death. Speculation about Goldbergs health has mounted ever since he was hospitalized for about a month last summer for what the company said was a respiratory infection.
Park Place said its board is meeting today to begin a search for a new chief executive. In the interim, the companys day-to-day operations will be run by its four senior executive vice presidents. Chairman Stephen Bollenbach, who is also chief executive of Hilton Hotels Corp., will provide general oversight, the company said.
Park Place shares were halted on the news. They were indicated to open at $10 to $12 a share, down from yesterdays closing price of $13.44. (10/19/00)