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.

My Take on This Story
Show results without voting  |