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Convicted of DWI, CEO Runs Company From Jail

Sixty-day sentence makes him first of publicly traded firm

By Alp_Arslan, Newser User

Posted Sep 15, 2010 9:32 PM CDT | Promoted on Newser Sep 16, 2010 3:23 AM CDT

(User Submitted) – First he drank. Then he drove. Then he was thrown in jail. Finally, Louis Lower, the 65-year-old CEO of Horace Mann Educators Corp., a publicly traded insurance company, decided to tell his board of directors that he would be unavailable for 60 days while he served his sentence in a Florida county jail. And in doing so, Lower became the first CEO of a publicly traded company to be running it from behind bars.

The company has now put Lower on leave and is considering further action. Lower was arrested after a crash that caused $30,000 in damages. His blood alcohol tested at three times the legal limit after the crash. Read the full article.

(AP)

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Showing 2 of 2 comments

Twiny

Sep 16, 2010 7:52 AM CDT

Your story headline is bullshit. He is not running the company from jail, his Board Of Directors put him on leave. If you want to write sensationalistic headlines, get a job with Murdoch, dipshit.

pg13

Sep 16, 2010 7:04 AM CDT

He told his board he would be unavailable those 60 days. So he's not really running the company from behind bars, is he?

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Convicted of DWI, CEO Runs Company From Jail

Sixty-day sentence makes him first of publicly traded firm

CEO • alcohol abuse • drunk driving • jail • DWI • alcohol is bad for you

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