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Omeros Corporation Message Board

  • scubamoe scubamoe Aug 9, 2012 12:26 PM Flag

    So why did the CFO quit just before the public offering?


    Anyone have a real answer? Who bails on the eve of success? The guy was involved in other bios so whats really going on?

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    • Idiot - the CFO did not quit. One of the company's directors quit because he was hired as a CFO for another biotech company.

      • 1 Reply to tredleon
      • t_c16 Aug 9, 2012 11:11 PM Flag

        While tredleon was being an a$$ with his reply, he is correct, the CFO didn't quit, but was fired. From 2011 annual report. Company politics at the top can be brutal.

        In December 2008, our former chief financial officer, Richard J. Klein, used our Whistleblower Policy
        procedures to report to the chairman of our audit committee that we had submitted grant reimbursement claims to
        the NIH for work that we had not performed. In accordance with the Whistleblower Policy and its charter, our
        audit committee, assisted by special outside counsel, commenced an independent investigation of our NIH grant
        and claims procedures. The investigation concluded that we had not submitted claims to the NIH for work we
        had not performed. In January 2009, we terminated Mr. Klein’s employment for reasons other than this incident.
        We subsequently voluntarily reported to the NIH Mr. Klein’s whistleblower report and the audit committee
        findings; in June 2009 the NIH confirmed to us in writing that it was satisfied with our handling of the grant
        matters that were the subject of Mr. Klein’s whistleblower report.

    • scubamoe, can you provide a link that has specific info showing he quit?


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