"CHARLOTTE, N.C. (AP) — Soon after taking office, North Carolina Gov. Pat McCrory and U.S. Rep. Mark Sanford of South Carolina accepted six-figure stock payouts from an online mortgage broker accused by regulators of deceiving its customers.
As board members, they were entitled to large chunks of restricted company stock if they held their positions long enough.
Both resigned after their election victories, which would have rendered their unvested stock worthless had the board not taken special action to provide them early payouts."
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