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Technology Stocks : CDDD

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To: afrayem onigwecher who wrote (759)3/30/2001 10:14:16 PM
From: StockDung   of 924
 
Red flag No. 2: unqualified management of dubious history
On November 23, 1998, the company appointed William Dunavant president and CEO, replacing Rene Hamouth. Mr. Dunavant was formerly president of Pennsylvania-based Straight Arrow Products, a dealer of horse shampoo with fantastic claims of hair growth for humans. Shortly after a Pennsylvania court found him guilty of excessive compensation and misuse of shareholder assets, Mr. Dunavant was fired. A September 1996 Forbes article characterized him as a "persuasive scoundrel who plundered the company." He later resurfaced as president of Verinet, a developer of photo-compression technology for Internet pornography.

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