Investment led to Joffe's job loss, WSJ says

...LCA-Vision (NASDAQ: LCAV) operates about 50 The disclosure of the purchase in a Securities and Exchange Commission filing apparently surprised both LCA-Vision's board of directors and Joffe's son, Craig Joffe, who had just taken over as interim CEO of the Kenwood-based company, the Wall Street Journal said.

A spokeswoman for the company told the newspaper that the board then stripped Stephen Joffe of his job as chairman.

Joffe had previously stepped down from his post as CEO because he wanted to pursue other interests and the board wanted to separate the CEO and chairman jobs, according to the story.

LCA-Vision announced March 17 that it had chosen E.

Anthony Woods, a longtime health care executive and two-year LCA director, to serve as chairman.

Shares of LCA-Vision were trading at $49.50, up 21 cents, in mid-morning.

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