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.
- Housing, jobs data weaken, but overall economic picture still upbeat
- Last-minute Obamacare exemption for those with canceled plans
- New York Mayor-elect's reputation for lateness parodied on Twitter
- Target cyber breach hits 40 million payment cards at holiday peak |
- UPDATE 6-Target cyber breach hits 40 mln payment cards at holiday peak