Richardson Quits Software Firm's Board (NM Gov. Candidate and FOB)

The Albuquerque Journal (subscription required) ^ | Wednesday, July 10, 2002 | Loie Fecteau

[CedarDave]

Wednesday, July 10, 2002

Richardson Quits Software Firm's Board

By Loie Fecteau Journal Politics Writer

    Democratic gubernatorial candidate Bill Richardson resigned last month from the board of directors of a California software company being probed by the U.S. Securities and Exchange Commission.
    Richardson, a former New Mexico congressman, U.S ambassador to the United Nations and U.S. Energy secretary, quit the board of Peregrine Systems Inc. of San Diego on June 5, a day after the New Mexico primary election.
    Richardson also stepped down from the boards of nine other U.S. corporations the same day, said Richardson spokesman Billy Sparks.
    "He resigned from the boards the day after the primary to focus 100 percent of his attention on the campaign and to prevent any possible conflict of interest," Sparks said Tuesday.
    Richardson has never held any stock in Peregrine, which came under scrutiny after it acknowledged accounting irregularities totaling as much as $100 million on May 6.
    "I was unaware of any accounting irregularities until I read about them in the press," Richardson said in a statement Tuesday. "Following the revelations of May 6, I asked for a full investigation of accounting irregularities."
    Peregrine's former chairman and chief executive officer Stephen Gardner and chief financial officer Matthew Gless also resigned May 6. Gardner is married to a sister of Richardson's wife, Barbara.
    The resignations of Gardner and Gless, coupled with the news that Peregrine would have to restate earnings for previous years, sparked a barrage of lawsuits against the California company.
    Richardson, appointed to Peregrine's board on Feb. 27, 2001, was not involved in the company's day-to-day operations, Sparks said.
    "He participated in eight board meetings, four by phone and four in person," Sparks said.
    SEC spokesman Michael Robinson on Tuesday said he could not comment on any investigation.
    Peregrine spokeswoman MeeLin Nakata declined to comment on Richardson's role in the company and on the SEC probe. "We can't comment on the litigations that are ongoing," she said.

Copyright 2002 Albuquerque Journal

[CedarDave]

A couple of days old, but didn't see it posted.

Peregrine's former chairman and chief executive officer Stephen Gardner and chief financial officer Matthew Gless also resigned May 6. Gardner is married to a sister of Richardson's wife, Barbara.

Question to this Friend of Bill: What did you know, and when did you know it??

(Hey Dims, this question sound familar? You've been shouting it every chance you get at W and others in the administration. Here's back at ya!)

[CedarDave]

Questions are being asked about Richardson's association with this company (and others, if there is information out there). Anyone who might have some info, pass it on to this thread by Rogle: Peregrine Systems Inc. and Bill Richardson

[lelio]

...and to prevent any possible conflict of interest," Sparks said Tuesday.
I think it should be "And to avoid any possible jail time under new laws"

[NMFXSTC]

Damn good question! Sort of lends a different meaning to "RICHardson", eh? :-(

[Aaron_A]

I doubt Wolf Blizter will be bringing this up anytime soon...

[backhoe]

Feel free to use my file on the weasel:

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[Ed_in_NJ]

ANYTHING to avoid a REAL investigation!

[Let's Roll]

Excellent sources - NM FReepers thank you!

[backhoe]

Thanks for looking- I, and other members, have tried to get the higher-ups on the Republican side to use this and similar material. Or do their own search, it's free for the asking. So far, no takers.

[Doctor Stochastic]

I saw dozens of "Richardson for Governor" signs all over Santa Fé yesterday. I have seen many others all over New Mexico. No Sánchez signs yet. I haven't seen any polls yet. Richardson usually won his district by about 75% to 25% or so.

[Political Junkie Too]

Gardner is married to a sister of Richardson's wife, Barbara.

Maybe Richardson can drive him to New York for a job interview.

-PJ

[CedarDave]

Maybe Richardson can drive him to New York for a job SEC interview.

[eeriegeno]

If the good people of NM elect this crook, I have a couple of bridges that might be for sale to NM residents.