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Conseco Removes Two Board Members
Conseco's(CNC Quote) board voted today to remove Dennis E. Murray Sr. and David R. Decatur as directors.
The move follows a recommendation by a special committee that members who owe significant amounts under the company¿s stock purchase plan for officers and directors, which was in place from 1997 to 1999, shouldn't continue to serve on the board.
While the plan was in place, directors were able to purchase Conseco stock with debt guaranteed by the company. ...
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