This story from the Denver Business Journal reports that Red Robin continues to expand despite serious personal expense issues with its former CEO, ending in his ouster and at least two shareholder lawsuits. Apparently, an audit revealed that the CEO claimed $1.25 million in personal expenses, including chartered airplanes and entertainment expenses inconsistent with the company's policy. The company's CFO was also dismissed as a result of the CEO's expense issues.
Posted by franchiselawblog at October 4, 2005 06:27 PM