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Ex-Sunbeam CEO, CFO Settle SEC Accounting Probe

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posted on Sep, 5 2002 @ 03:35 AM
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SEC Accounting ˇ Former Sunbeam Corp. Chief Executive Al Dunlap, known as "chainsaw Al" for cutting thousands of jobs in the 1990s before the appliance maker went bankrupt, will pay $500,000 to settle charges he used inappropriate accounting techniques that hid Sunbeam's financial problems, regulators said on Wednesday.

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