Besicorp's CEO Releases Statement.KINGSTON, N.Y.--(BUSINESS WIRE)--Nov. 11, 1997--Besicorp Group Inc. (AMEX AMEX See: American Stock Exchange Emerging Companies Marketplace: BGI BGI Barclays Global Investors BGI Bainbridge Graduate Institute BGI Bureau Gravimétrique International BGI Borland Graphic Interface (File Name Extension) BGI Bridgetown, Barbados - Grantley Adams International .EC) released the following statement from its departing Chairman of the Board, President, and Chief Executive Officer, Michael F. Zinn: "I am regretfully re·gret·ful adj. Full of regret; sorrowful or sorry. re·gret  ful·ly adv.re·gret departing management of Besicorp due to harsh sanctions imposed as a result of a one-time involvement in a political campaign over five years ago. Despite the regrettable circumstances, I am certain that this anomaly from five years ago is not representative of my life, my personal or business ethics business ethics, the study and evaluation of decision making by businesses according to moral concepts and judgments. Ethical questions range from practical, narrowly defined issues, such as a company's obligation to be honest with its customers, to broader social , or my contributions to our society and long history of accomplishments. "I believe that I am leaving Besicorp in excellent condition with competent management and Directors that are well able to continue the business. Since I founded Besicorp 21 years ago, I take great pride in having built this company from inception, starting with only several thousand dollars. I have a great love for the company, its people, and our many wonderful business associates. "I will make this hiatus hiatus /hi·a·tus/ (hi-a´tus) [L.] an opening, gap, or cleft.hia´tal aortic hiatus the opening in the diaphragm through which the aorta and thoracic duct pass. in my professional career an opportunity for reflection and personal growth. I eagerly await my return as a productive and contributing member of society." Besicorp specializes in the development of independent power projects and energy technologies. CONTACT: Steven G. Nachimson, Corporate Counsel 914/336-7700 |
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