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| | Sunbeam Ex-CEO 'Chainsaw Al' Dunlap Settles SEC Case - 09/04/2002 |
 | | Dunlap, 65, nicknamed "Chainsaw Al" after firing thousands of workers to try to revive different companies, sought to inflate Sunbeam's earnings to make it more attractive to prospective buyers and increase his own potential gains, the SEC alleged. |
 | | Dunlap, who achieved celebrity status after writing a best- selling book about his career, failed to disclose that Sunbeam offered discounts to sell merchandise, such as barbecue grills, that would have been sold in later periods, the SEC alleged. |
 | | Dunlap's attorney, Frank Razzano, said the settlement will allow Dunlap "to pursue his retirement and therefore is a welcome outcome." Without admitting or denying wrongdoing, Dunlap also agreed to be barred from working as an executive at a public company. |
| securities.stanford.edu /news-archive/2002/20020904_Settlement03_Roland.htm (346 words) |
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