Attorneys From Keker & Van Nest Say Former Informix CEO Phillip White Acted Properly -- Government Charges are Wrong and Baseless.Business Editors SAN FRANCISCO--(BUSINESS WIRE)--Nov. 21, 2002 Federal charges filed today against a former CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of a Menlo Park Menlo Park. 1 Residential city (1990 pop. 28,040), San Mateo co., W Calif.; inc. 1874. Electronic equipment and aerospace products are manufactured in the city. Menlo College and a Stanford Univ. research institute are there. 2 Uninc. database software company are wrong and baseless, stated attorneys representing him. "Phil White acted properly and responsibly as CEO of Informix," said Elliot R. Peters of San Francisco's Keker & Van Nest LLP LLP - Lower Layer Protocol . "When Mr. White is ultimately cleared, we hope the public and the media will ask why an innocent man was forced to answer these baseless charges." The government's charges concern a period of time in June and July 1997 when White investigated and responded to claims that Informix employees in Japan and Germany had, without White's knowledge, entered into improper
"Mr. White did not trade in Informix stock or otherwise gain from his well-intentioned actions while trying to solve these problems for the company in 1997," Peters said. "In today's climate it is politically popular to indict in·dict tr.v. in·dict·ed, in·dict·ing, in·dicts 1. To accuse of wrongdoing; charge: a book that indicts modern values. 2. former CEOs. But in this instance the government has wrongly charged a man who did nothing more than act as a responsible corporate leader." |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion