With no contract at CMP, Steve Weitzner just may raid his old house

-SDH A touch of mystery still surrounds the sudden demotion and now departure of former CMP Technology Media CEO Steve Weitzner. According to new reports Weitzner was doing a good job at CMP and was well liked by many inside the company. So what was really the reason behind his departure? Was it orchestrated by the man himself because he knew he was in serious talks with the new owners of Ziff Davis Enterprise? Or was he a threat to higher ups and was getting too much attention, so the powers that be, asked him to step aside? As it turns out, Weitzner taking the top spot at Ziff may end up being a huge blow to his former company CMP. Weitzner reportedly served as CEO with no official contract, which according to a FOLIO source could lead to a huge poaching of CMP talent. After two months, CMP has not indicated it has any candidates to fill the vacant CEO spot. The company may just end up choosing from within. "It's unbelievable that CMP let their former CEO walk directly to their major competition," one industry observer tells FOLIO:. "You never see this. The fact that they didn't protect their business implies that he didn't have a non-compete. If he didn't have a non-compete, he also didn't have a non-solicit. They often go hand-in-hand. Who's to say he's not prevented from soliciting the best talent from CMP? That's bad management." You know, if all this is true, United Business Media CEO David Levin could very well be diciplined for this! Here in America, his job would have probably been on the line at this point. The Unusual Story of How CMP’s Weitzner Ended Up at Rival Ziff [FOLIO]