Unstrung - The world wide source for analysis of the global wireless economy: "Symbol CEO Falls on Sword
12.31.03
Former Ciscoteer Bill Nuti has taken over from Richard Bravman as the CEO at Symbol Technologies Inc. (NYSE: SBL - message board), as the company tries to put a year dogged by an SEC accounting investigation behind it (see Symbol Names Nuti CEO).
Bravman -- a 25-year veteran at Symbol who took up the CEO role just 17 months ago -- is the latest executive to resign because of the government investigation into its revenue statements, started in August 2002. The company's chief financial officer Kenneth Jaeggi stepped down at the beginning of 2003 (see Symbol CFO Resigns). The company's former chief accounting officer Robert Korkuc and former sales finance executive Robert Asti have pleaded guilty to federal charges that they had plotted to inflate Symbol's earnings figures."
12.31.03
Former Ciscoteer Bill Nuti has taken over from Richard Bravman as the CEO at Symbol Technologies Inc. (NYSE: SBL - message board), as the company tries to put a year dogged by an SEC accounting investigation behind it (see Symbol Names Nuti CEO).
Bravman -- a 25-year veteran at Symbol who took up the CEO role just 17 months ago -- is the latest executive to resign because of the government investigation into its revenue statements, started in August 2002. The company's chief financial officer Kenneth Jaeggi stepped down at the beginning of 2003 (see Symbol CFO Resigns). The company's former chief accounting officer Robert Korkuc and former sales finance executive Robert Asti have pleaded guilty to federal charges that they had plotted to inflate Symbol's earnings figures."
<< Home