In the Company Thieves

Abstract

IN NOVEMBER 1989, RONALD W. SKEDDLE, chief executive of Libbey‐Owens‐Ford Co., stood before a group of financial executives and delivered a sobering speech about business ethics. Four years later, he was standing before his own board members trying to explain certain alleged irregularities in the running of the company. Apparently they didn't like what they heard, and he (along with two other Libbey‐Owens‐Ford executives) was asked to step down. According to court documents filed in Columbus, Ohio (the company, a division of Pilkington P.L.C., is based in Toledo), Skeddle et. al. had bilked over $7.7 million from Libbey‐Owens‐Ford through various schemes. Skeddle could not be reached for comment.

Citation

Touby, L. (1994), "In the Company Thieves", Journal of Business Strategy, Vol. 15 No. 3, pp. 24-35. https://doi.org/10.1108/eb039634