PIE-TICKER
Collins & Aikman executive pay under scrutiny
As if losses and mounting debt resulting from the company's recent expansion drive were not enough, US automotive supplier Collins & Aikman (C&A, www.collinsaikman.com), Troy, Michigan, is now in the spotlight concerning payments received by managing board members who were also in the services of other companies. However, the company has said it sees no reason for altering its previously filed financial reports due to allegations that board members Charles Becker and Elkin McCallum may have had conflicts of interest.
23.03.2004 Plasteurope.com [13320]
Published on 23.03.2004