Sale of VECO Corporation
In September 2007 VECO Corporation was sold to Colorado-based CH2M HILL corporation. Due to the cloud hanging over its head from the political investigation, it is estimated that VECO was forced to sell for far less than its market value. Though he had no legal obligation to do so, Allen negotiated that 5% of the proceeds from the sale of VECO be given to the employees for the years of service they had given the company.
- VECO sale
Read more about this topic: Bill Allen (corporate CEO)
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