Advertisement

MANUFACTURING

Share
From Times Staff and Wire Reports

Sunbeam-Oster Pays $3.9 Million to Ousted CEO: The settlement ended a $3.2-billion lawsuit filed by Paul Kazarian against two investment partners with whom he had remade the appliance maker as an independent company in 1990. Kazarian, 37, was fired in January after executives complained he was behaving irrationally and had allegedly harassed women. In addition to the severance payment, Sunbeam agreed to buy back from Kazarian 12.4 million shares of company stock for $173 million.

Advertisement