Industry News: Koss Corp. fires exec amid $20 mill embezzlement allegations

highfigh

highfigh

Seriously, I have no life.
I don't understand how this got to the point it did, other than the fact that she would have been the person they went to for info on how the company was doing. They had a president in the early '80s when John Sr. was trying to ease into retirement, who basically ran the company into the ground. John Sr. came back, fired the guy, took over and placed his two oldest sons in management and then sold his house on the way to eliminating $9 Million in debt in only 11 months. They have done well with Michael as President and CEO and John Jr as Sr VP of Sales but I find it sad that someone can bite the hands that feed them to this extent. She was making good money and if she didn't like her compensation package, she should have negotiated a new one when it was time to. Now, she'll lose everything and go to prison. If this made her feel better about herself, she should have gone to therapy, instead. As far as I'm concerned, she can go rot somewhere.
 
C

Chu Gai

Audioholic Samurai
She is/was on the board of trustees at Cardinal Stitch University.



I wonder is she wore any of that stuff at the company Christmas party?
 
T2T

T2T

Senior Audioholic
I wonder is she wore any of that stuff at the company Christmas party?
More than likely, yes. :D

I like how the article mentioned that she had clothes in her office with the price tags still attached from her purchase "sprees".
 
highfigh

highfigh

Seriously, I have no life.
Sounds like the higher-ups need to leave their offices more often. I'm sure she would have come up with a plausible reason for the clothes being there if Sr, Michael or Jr had seen them- it's not like they would be able to prove anything about how they were paid for.
 
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