BOSTON ( TheStreet) -- Xoma (XOMA - Get Report) CEO Steven Engle -- serial destroyer of shareholder value -- finally resigned this week. For those keeping score, Engle has now blown up at two biotech companies -- he was a disaster at La Jolla Pharmaceuticals before running Xoma into the ditch. I called Engle one of the worst biotech CEOs of 2010 and have longed urged Xoma's directors and shareholders to kick the guy to the curb, so his exit this week is welcome news.Unfortunately, it's probably too little to late to salvage anything of value from the Xoma wreckage that Engle leaves behind.
Biotech Stock Mailbag: Xoma
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