Shredder? I thought it was a filing cabinet
By Glenn Roberts, Jr., Thursday, June 28, 2007.Bookmarking Sites
Troubles continue for home builder Beazer Homes USA Inc. -- and some of these appear to be self-inflicted rather than market-driven. The company, in an SEC filing Wednesday, announced that it has fired chief accounting officer and senior vice president Michael T. Rand for alleged "attempts to destroy documents in violation of the company's document retention policy."
That's just the latest bad news. The company is also facing a U.S. Securities and Exchange Commission inquiry, a grand jury investigation and a series of class-action lawsuits. That probably won't help the company's stock.
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