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Heritage Bankshares Inc. Message Board

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  • barkingdog78 barkingdog78 May 22, 2010 6:14 PM Flag

    CEO is no Bobby Keogh

    Did Mr. Keogh do a good job as CEO? Draw your own conclusion. Read Mr. Gurthrie's letter to the SEC filed on 8/31/2005 ... it's on the SEC's website:

    "The Company had only three full-time accounting employees when Mr. Ives was hired, and two of those employees, the CFO and Accounting Manager, resigned within a week of his hiring. As a result, no one remaining in the accounting function at the Company knew where to find many of the financial and accounting records we needed and we had to locate them with little initial assistance. We have been further hampered by significant deficiencies in the Company’s prior record-keeping procedures, as many of the financial and accounting records that are customary for a business like the Company’s were incomplete or inaccurate."

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