Gracen and Gracen Incorporated

since 1947

 
     Press Releases    

Today...  Chaz Gracen appointed interim Chairman of the Board by unanimous vote of G&G Board of Directors; G&G Chief Legal Counsel Leonard Littman asked to step down by the Board 



2 days ago...     G&G announces the death of its founder and Chairman Emeritus of G&G's Board of Directors: Henry Gracen found dead at his estate due to an accidental natural gas explosion that obliterated his mansion.  CEO Chaz Gracen and Senior Vice President Pete Gracen issued a joint statement today praising their father's accomplishments and contributions to the amazing success of G&G, including this excerpt: "As brothers we stand together, united like never before to ensure the success, profitability, and long-term viability of G&G, The Family Company."



4 days ago...  Chaz Gracen, G&G President & CEO suffers mild heart attack while exercising at G&G gym facilities; expected to make full recovery



5 days ago...  G&G announces pending acquisition of EMC Records, the third largest media and musical artist development company in the world; Junior Vice President of Acquisitions Jim Profit to lead acquisition team



7 days ago...    Gail Koner promoted to Acquisitions Project Manager; will report to Jim Profit, G&G Junior Vice President of Acquisitions



10 days ago…   Pete Gracen, G&G Senior Vice President of Acquisitions announces candidacy for US Senate Seat after impeachment of Senator William Blount stemming from drunk-driving, vehicular homicide & obstruction of justice criminal charges; campaign manager Jim Profit to cut back hours at G&G



17 days ago...  Henry Gracen, founder of G&G and Chairman Emeritus of G&G's Board of Directors, sharply criticizes G&G President & CEO Chaz Gracen during live CNBC interview; G&G's founder calls Chaz Gracen "grossly incompetent and a shining example of the Peter Principle" and specifically called into question G&G's recent string of acquisitions as "unfocused, spurious, and not representative of the family values G&G was founded upon"


 

21 days ago…  G&G announces tragic death of JoAnne Meltzer, G&G Chief Security Officer in Ireland due to a suspicious phone booth explosion; Jeffrey Sykes, G&G Senior Vice President of Business Affairs to lead internal investigation of incident


28 days ago... President & CEO Chaz Gracen denies rumors of a hostile takeover of G&G by Mclean Industries Limited; G&G stock (NYSE: GANDG) up over 15 points on takeover speculation


34 days ago... G&G President & CEO Chaz Gracen featured in a glowing Daily Tribune newspaper article titled "American Dream" written by Carol McKenna: "Charles Gracen epitomizes a new kind of leader for the 21st century: humane enough to never lose sight of the moment, yet always with his eye on the horizon.  G&G has a strong commitment to the environment and fostering a more humane corporate environment as well."


35 days ago... Prominent environmental group under investigation for attempted arson at G&G Headquarters in Seattle, WA; Chief Security Officer JoAnne Meltzer to lead investigation in cooperation with the FBI


38 days ago... G&G President & CEO Chaz Gracen denies leaked press reports stating that G&G's next generation laptop computer is behind schedule and experiencing "integration issues"



40 days ago...  Prominent environmental group initiates lawsuit against G&G; G&G Chief Legal Counsel Leonard Littman states G&G will vigorously defend itself against this "frivolous" lawsuit: "G&G is proud to stand on its environmental record...a record second to none in this hemisphere"



43 days ago   Gracen & Gracen announces divestiture of recently-acquired Wong Industries; Wong agrees to waive $100 million kill/breakup fee according to G&G President & CEO Chaz Gracen; Gail Koner, Executive Assistant to Jim Profit, receives G&G "thinking outside the box" award from Mr. Gracen


 

55 days ago Gracen & Gracen expands food, beverage, and entertainment services with acquisition of Dynamite! Restaurants and Nightclubs, LLC from Kestrel family; Junior Vice President of Acquisitions Jim Profit to lead acquisition effort



61 days ago...  Gracen & Gracen announces results from Vandenburgh Dance Ensemble Charity Gala organized by Nora Gracen, wife of Senior Vice President of Acquisitions Pete Gracen;  $119,000 raised for various community initiatives



68 days ago G&G alerts federal investigators to possible accounting fraud at recently-acquired Waste-Not Disposal Services Incorporated thanks to Jeffrey Sykes, G&G’s new Senior Vice President of Business Affairs


 

71 days ago… Gracen & Gracen announces pending acquisition of Waste-Not Disposal Services Incorporated; plans to expand service offerings in waste management; Junior Vice President of Acquisitions Jim Profit to spearhead acquisition team



79 days ago… Jack Walters, President of Acquisitions summarily terminated by G&G after pleading guilty to manslaughter charges in the death of former G&G Vice President of Acquisitions Wayne Gresham; receives prison sentence of 30 years


 

91 days ago… Jack Walters, G&G President of Acquisitions placed on indefinite paid leave pending outcome of numerous felony charges



107 days ago... Chaz Gracen featured in Success magazine article titled: "Wealthy Son Creates More Wealth: Chaz Gracen, America's mega-CEO talks about family, fidelity, and faith."



121 days ago… G&G announces acquisition of Healthy Home, LLC; to be merged with recent “Baby’s Finest Inc.” acquisition; Jack Walters reinstated as G&G President of Acquisitions to oversee merger

 

124 days ago… JoAnne Meltzer, G&G Chief Security Officer, is featured speaker at Security Council meeting in Seattle, WA; speech to disclose details of "Petri" security incident


 

131 days ago… Mary Miller, G&G Senior Vice President of Special Projects departs G&G to pursue lucrative opportunities in the carpeting industry

 

134 days ago… G&G announces acquisition of France-based Cronish Metals Inc., plans to increase production in response to European Union production caps; Senior Vice President of Acquisitions Pete Gracen to lead acquisition team


139 days ago... Jack Walters, G&G President of Acquisitions terminated by G&G for unauthorized statements to the press in Daily Tribune article "G&G Comes Clean on Baby Food Fraud".

 

147 days ago… Jack Walters, President of Acquisitions is featured speaker at Management Efficiency Conference in Seattle, WA


 

155 days ago… Gracen & Gracen’s President & CEO Chaz Gracen responds to baseless Baby’s Finest Inc. watered-down baby food allegations appearing in the press

 

159 days ago… Gracen & Gracen announces results from annual charity tennis tournament - $259,000 raised for AIDS research according to Henry Gracen, Chairman Emeritus - G&G Board of Directors



164 days ago... Gracen & Gracen announces quarterly results; 78th straight quarter of profitability credited to aggressive acquisition policy and dominance of key markets; G&G capital base increases to $14.8 billion dollars according to G&G President & CEO Chaz Gracen
 


166 days ago…   
G&G announces untimely heart attack death of Wayne Gresham, Vice President of Acquisitions; to be replaced by G&G Chief Audit Executive Jim Profit in new role as Junior Vice President of Acquisitions


 

201 days ago… Gracen & Gracen announces acquisition of Baby’s Finest Inc.; expands product offerings for babies and children; G&G President of Acquisitions Jack Walters to lead integration team


 

213 days ago… Gracen & Gracen announces acquisition of Wong Industries, Inc as G&G continues to increase its presence in China and other emerging markets; Vice President of Acquisitions Wayne Gresham to lead acquisition team


 

244 days ago… G&G Chief Audit Executive Jim Profit featured in Success magazine article titled: “Boy wonder beats IRS for Gracen & Gracen...again!”


 

310 days ago… Recently-acquired G&G Pharmaceuticals division announces availability of L-Ectinol for treatment of male impotence according to Pete Gracen, G&G Senior Vice President of Acquisitions


 

334 days ago… G&G announces plan to acquire Hong Kong Labs; Vice President of Acquisitions Wayne Gresham to lead acquisition team