Calls move 'an effort to clear Congressional mandate'
May 20, 2010 3:14 PM
Complaint seeks compliance with OSHA reinstatement ruling
May 18, 2010 11:51 AM
Tennessee Commerce says it will appeal the seven-figure order against it by OSHA officials investigating the bank's 2008 firing of former CFO George Fort. Scanning through the regulators' findings, which say there was "a strong inference of retaliation" in the bank's actions, it appears it will have its work cut out. From page 4: "In Complainant's presentation to the Audit Committee on February 15, 2008, he noted Mr. Helf told him "it would not be a good idea for you to go the audit committee." From page 6: Discussing the timing of Fort's being placed on administrative leave, investigators note that officials began working on a Securities and Exchange Commission filing before the bank's board officially decided to sideline Fort. They also write that current COO Lamar Cox e-mailed an auditor about a new CFO search five weeks before Fort was fired. Also on page 6: "There is also evidence of animus and intent to retaliate against Complainant... Mr. Cox stated in one email that he was "in a 'get even' mode and I am enjoying every minute of it." Read the full OSHA report here.
Mar 19, 2010 12:40 PM