Feeds

Betonsports boss sacked for being arrested

Don't bet on loyalty

The next step in data security

Betonsports chief executive David Carruthers has been sacked by the firm following his arrest in Dallas last week.

In a statement given to the London Stock Exchange (LSE), the company said his contract was terminated yesterday and he had been removed from the board of directors.

The statement explained: "This action was taken as a consequence of Mr Carruthers' continued detention by US authorities. Clearly, while he remains in the custody of the US government he is unable to perform his duties. Further, the company has been unable to speak directly with Mr Carruthers."

Betonsports also tried to distance itself from founder Gary Kaplan. In a further statement to the LSE, which avoids using Kaplan's name, the company said: "The board wish to make absolutely clear that none of the founders of the original business has any continuing role within the company....the original founder has a consulting agreement with the company under which his role is non-management related."

Referring to "media reports", that'll be Hookers and high rollers in the Mail on Sunday, the statement says the allegations refer to before the company floated.

It says: "Since the time of its public listing, the board believes the company has operated in accordance with the standard expected of a UK Plc which is publicly quoted on AIM on the London Stock Exchange."

The statement says the company is evaluating all its options and "deciding what steps will be taken next". We are promised a further statement when those decisions are made. &reg

Choosing a cloud hosting partner with confidence

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
JINGS! Microsoft Bing called Scots indyref RIGHT!
Redmond sporran metrics get one in the ten ring
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Murdoch to Europe: Inflict MORE PAIN on Google, please
'Platform for piracy' must be punished, or it'll kill us in FIVE YEARS
Bono: Apple will sort out monetising music where the labels failed
Remastered so hard it would be difficult or impossible to master it again
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Sony says year's losses will be FOUR TIMES DEEPER than thought
Losses of more than $2 BILLION loom over troubled Japanese corp
Radio hams can encrypt, in emergencies, says Ofcom
Consultation promises new spectrum and hints at relaxed licence conditions
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.