The Eagle editorial board has raised this question before: Just what was Westar Energyâ€™s board of directors doing while executives David Wittig and Douglas Lake were committing all of their appalling abuses?
Well, itâ€™s clear what they werenâ€™t doing â€” their jobs. And theyâ€™re finally paying for it. Wittig, Lake and company board members and executives were forced to pay Westar $12.5 million to settle a lawsuit filed on behalf of the company. The suit said the executives “breached their fiduciary duties to Westar and its stockholders.” Considering the abuses that occurred on their watch, that language seems mild.
Posted by Melissa Cooley
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