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Diebold CEO resigns after reports of fraud litigation, internal woes
Harry Krause wrote: http://rawstory.com/news/2005/Diebol...s_of_1212.html Diebold CEO resigns after reports of fraud litigation, internal woes John Byrne The chief executive officer of voting rights company Diebold who once famously declared that he would "deliver" Ohio for President Bush has resigned effective immediately, RAW STORY has learned. "The board of directors and Wally mutually agreed that his decision to resign at this time for personal reasons was in the best interest of all parties," the company's new chairman said in a statement. O'Dell's resignation comes just days after reports from BradBlog.com that the company was facing imminent securities fraud litigation surrounding charges of insider trading. It also comes on the heels of a RAW STORY interview with a Diebold insider, who raised new allegations of technical woes inside the company, as well concern that Diebold may have mishandled elections in Georgia and Ohio. Diebold's chief operating officer Thomas Swidarski will take O'Dell's place. "This has been a very challenging year for the company," Swidarski said. "We are beginning to make progress to improve some of our performance issues, reduce our cost structure by addressing inefficiencies in our manufacturing supply chain and software development processes, and instill price discipline throughout the company." DEVELOPING: MORE SOON........... __________________________________________________ ________ Harry -- Clinton ruined a dress; Bush ruined a nation. "May have mishandled elections in Georgia and Ohio." Where can I place my bet? :-) |
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