SNC-Lavalin stock took a hit Friday morning, dipping almost five per cent after news the engineering giant had parted ways with two of its key executives seen to be too closely involved with the Gadhafis – before and after the uprising in Libya last year.
But the firm’s troubles seemed far from over when one of the executives – former executive vice-president Riadh Ben Aissa – announced Friday he would sue the corporation “to set the record straight and re-establish his reputation.”
The public spat stems from a news release issued late Thursday by SNC-Lavalin. In it, the firm did not say whether the two executives had been fired or asked to resign, but mentioned that “questions regarding the conduct of SNC-Lavalin employees have recently been the focus of public attention. SNC-Lavalin reiterates that all employees must comply with our Code of Ethics and Business Conduct.”
The insinuation that Ben Aissa was fired because he had not complied with company policies has harmed his reputation and his family, a spokesperson for Ben Aissa said yesterday.
http://www.montrealgazette.com/news/Turmoil+atop+execs+turfed/6130640/story.html
Nobody is saying "nothing".
Only thing out of Ottawa is firing a warning shot. Australia does it much better!
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