End Of The Tab For Lone Star's Stewart

The days of wining and dining on the company tab are over for James Stewart. On Jan. 16, he cut all his ties with Lone Star Industries by resigning as director and chairman of the cement maker, which is in bankruptcy reorganization. Stewart's 1989 expense account totaled $2.9 million, mostly for corporate aircraft and accommodations at fancy New York hotels. A law firm hired by Lone Star continues to investigate the account. The company says Stewart has no severance pay coming to him.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.