(Download) "Aitken V. Reed" by Washington Court of Appeals * Book PDF Kindle ePub Free

eBook details

Title: Aitken V. Reed
Author : Washington Court of Appeals
Release Date : January 16, 1998
Genre: Law,Books,Professional & Technical,
Pages : * pages
Size : 58 KB

Description

TAPCO credit union fired Jack Aitken, its CEO, after Betty Reed, the State Supervisor of Savings and Loans and Credit Unions, told TAPCO's Board of Directors that she would remove him pursuant to her statutory authority if the Board did not. For several years, Reed had questioned TAPCO's bookkeeping method of carrying losses in the value of mutual funds owned by TAPCO. During the dispute, Aitken criticized Reed's policy on how the stock losses should be carried on TAPCO's books. Ultimately, Reed believed that Aitken was violating her written directives and falsifying TAPCO's books. Thus, her ultimatum to the Board.