Two former US Foodservice executives - indicted for fraud and conspiracy related to the alleged inflating of manufacturer rebates in order to boost the company’s stock price - pleaded not guilty yesterday.
Former chief financial officer Michael Resnick and former chief marketing officer Mark Kaiser contend that they are being scapegoated for the Ahold-owned company’s financial problems.
Former chief financial officer Michael Resnick and former chief marketing officer Mark Kaiser contend that they are being scapegoated for the Ahold-owned company’s financial problems.
- KC's View:
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However, they will have to deal with two other former US Foodservice executives who have plead guilty to similar charges and are cooperating with the government investigation.
Good luck.
