An Honest Guy on Wall Street
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Nov. 9 (Bloomberg) -- Unless you travel in certain circles,you probably have never heard of G. Allen Andreas III. Thebusiness world would be far better off if more directors atpublic companies had the guts to do what he did.
Andreas, a 43-year-old investment manager in New York, onSept. 27 resigned from the board of tanker-fleet operatorOverseas Shipholding Group Inc. The extraordinary part is how hewent out, along with the events that followed. With one simpleact, after eight years on the company’s board and auditcommittee, Andreas blew the whistle on an accounting debaclethat might sink the company.