Polycom says CEO Miller steps down following expense irregularities
July 23 (Reuters) - Videoconferencing company Polycom Inc said Chief Executive Andrew Miller has stepped down after irregularities were found in his expense submissions.
The company's shares fell about 5 percent after the bell on Tuesday.
Miller accepted responsibility for the irregularities, Polycom said.
The company said the amounts involved did not have a material impact on its current or previously reported financial statements.