Google Answers Logo
View Question
 
Q: Albert "Chainsaw Al" Dunlap: Where is he now? ( Answered 5 out of 5 stars,   2 Comments )
Question  
Subject: Albert "Chainsaw Al" Dunlap: Where is he now?
Category: Business and Money > Accounting
Asked by: grthumongous-ga
List Price: $10.00
Posted: 13 Feb 2005 00:41 PST
Expires: 15 Mar 2005 00:41 PST
Question ID: 473662
Albert "Chainsaw Al" Dunlap: Where is he now? 
Fired by Sunbeam in 1998, where is he now?, what is he doing now?
Answer  
Subject: Re: Albert "Chainsaw Al" Dunlap: Where is he now?
Answered By: juggler-ga on 13 Feb 2005 02:12 PST
Rated:5 out of 5 stars
 
Hello.

As my friend and colleague Pinkfreud notes below, "Chainsaw Al" Dunlap
was living in Boca Raton in 2002.

However,  Al and his wife Judy are now living in Ocala, Florida, where
they are enjoying golf, tennis and hiking. The Dunlaps are also major
benefactors of the Munroe Regional Medical Center in Ocala.  The
couple maintain a summer home in Northern Wisconsin.

source: Munroe Foundation, February 1, 2005 
http://www.munroefoundation.com/dunlap.htm
Munroe Foundation News - 2005
http://www.munroefoundation.com/news.htm

-------
search strategy:
"al dunlap" "his wife"
"judy dunlap" florida

I hope this helps.
grthumongous-ga rated this answer:5 out of 5 stars
Thanks Juggler. Gone but not forgotten.

Thanks Pink. "....barred from serving as corporate officers or directors"

Comments  
Subject: Re: Albert "Chainsaw Al" Dunlap: Where is he now?
From: pinkfreud-ga on 13 Feb 2005 02:00 PST
 
It appears that Dunlap is in retirement in Boca Raton, Florida. I
couldn't anything of note more recent than this:

"9/4/02
Chainsaw Al cut loose
Before Jeff Skilling, Ken Lay, Scott Sullivan, or Dennis Kozlowski,
there was "Chainsaw Al." Whispers learned early today that the
Securities and Exchange Commission has settled its civil case against
Albert Dunlap, the former CEO of Sunbeam Corp., who was charged in
1998 with orchestrating one of the biggest financial frauds before
Enron. Two sources close to the case confirmed that the court papers
were filed Wednesday morning and a litigation release from the SEC is
forthcoming. Nicknamed 'Chainsaw Al' for his ruthless downsizing in an
attempt to turn around the troubled appliance maker, Dunlap has agreed
to pay $500,000 to settle the suit. The commission claimed that Dunlap
attempted to inflate Sunbeam's value by falsifying revenues and using
a host of other illegal accounting schemes, which eventually resulted
in the loss of billions of dollars in shareholder value. In January,
Dunlap paid $15 million to settle his portion of a class action suit
filed by Sunbeam shareholders. Whispers also learns that Sunbeam's
former financial officer Russell Kersh has agreed to pay $200,000 to
settle his case with the SEC. Under the terms of the settlement, both
men are barred from serving as corporate officers or directors. Three
other former Sunbeam officials and an auditor from Arthur Andersen who
allegedly helped cook the books are the remaining defendants in the
SEC's civil case."

http://www.usnews.com/usnews/politics/whispers/archive/september2002.htm

"Thu, Sep. 05, 2002... 

Albert J. Dunlap, the flamboyant corporate chieftain who earned the
nickname 'Chainsaw Al' for his ruthless cost cutting, has gotten
clipped.

Dunlap on Wednesday agreed to pay a $500,000 civil penalty, the
largest ever levied against an individual for financial fraud, said
Thomas C. Newkirk, associate enforcement director of the Securities
and Exchange Commission. Dunlap is also permanently barred from
serving as an officer or director of a publicly traded company.

http://www.miami.com/mld/miamiherald/4004449.htm
Subject: Re: Albert "Chainsaw Al" Dunlap: Where is he now?
From: pinkfreud-ga on 13 Feb 2005 02:15 PST
 
Wow, great work, Juggler! I would never have thought of using "his
wife" as a search string. My hat's off to you.

Important Disclaimer: Answers and comments provided on Google Answers are general information, and are not intended to substitute for informed professional medical, psychiatric, psychological, tax, legal, investment, accounting, or other professional advice. Google does not endorse, and expressly disclaims liability for any product, manufacturer, distributor, service or service provider mentioned or any opinion expressed in answers or comments. Please read carefully the Google Answers Terms of Service.

If you feel that you have found inappropriate content, please let us know by emailing us at answers-support@google.com with the question ID listed above. Thank you.
Search Google Answers for
Google Answers  


Google Home - Answers FAQ - Terms of Service - Privacy Policy