Monday, December 12, 2005

Irving execs sentenced

Wow, that was harsh. A federal judge last Friday sentenced four current and former Irving Materials executives to prison for their role in a price-fixing scheme that also resulted in the largest domestic antitrust fine in U.S. history. Irving Materials Inc. President Fred ‘‘Pete'' Irving; vice presidents Price Irving and Daniel C. Butler, and retired executive vice president John Huggins were each sentenced to five months in prison and five months of probation on price fixing charges. Unbelieveable. Your comment?