The Sunrise Senior Living saga gets uglier every day:
Accounting problems, suspiciously timed stock selling and a call for investigation.
-Corrupted Chamber of Commerce: Thomas Donahue by Matt Stoller at The Huffington Post.
"If it were possible to pick one person as the representative for American business in Washington, Thomas Donahue is that man. He is the President and CEO of the United States Chamber of Commerce, the most important business lobbying group in the country. He is also on the Board of Directors and the Audit Committee of Sunrise Senior Living, and was caught selling stock ahead of the revelations of accounting problems."
A project of the Service Employees International Union (SEIU) Capital Stewardship Program that owns a lot of Sunrise stock and wants an investigation into problems at the company.
-Sunrise Insider Sales Need Independent Probe, Pension Fund Says - by Mark Pittman at Bloomberg.com
"Five board members, including founder and chief executive Paul J. Klaassen and his wife, director Teresa M. Klaassen, sold $32 million in shares before a May 9 announcement that the company would review its accounting, pension fund spokesman Dan O'Sullivan said in a statement today that repeated claims made in last week's letter."
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