NEWS WATCH: U.S. FOODSERVICE AXES 10 EXECUTIVES: REPORT...UNIONS URGE ACTION ON SALE OF DOMINICK'S...ROUNDY'S TO BUY SEVEN MILWAUKEE-AREA KOHL'S STORES

U.S. FOODSERVICE AXES 10 EXECUTIVES: REPORThas dismissed 10 more executives, according to published reports last week. USF's overstatement of earnings by more than $800 million between 2000 and 2002 was at the heart of an accounting scandal that caused its parent company, Ahold, Zaandam, Netherlands, to post a $1.4 billion loss for last year, although the reports said the dismissals were not directly

U.S. FOODSERVICE AXES 10 EXECUTIVES: REPORT

has dismissed 10 more executives, according to published reports last week. USF's overstatement of earnings by more than $800 million between 2000 and 2002 was at the heart of an accounting scandal that caused its parent company, Ahold, Zaandam, Netherlands, to post a $1.4 billion loss for last year, although the reports said the dismissals were not directly related to the earnings misstatement. A representative of USF was not available

Register to view the full article

test - Advanced Registered User

Already a member? .