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Resource ID: #12068
Subject: Fraud
Source: Business Week
Affiliation: 
Date: March 21

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Description

Business Week reports that "Many major publications exhaustively covered John Sculley's perplexing and troubled tenure as CEO of tiny Spectrum Information Technologies Inc. The former Apple chairman's decision in Oct., 1993, to run the little-known Long Island wireless firm stirred investor and media interest. The saga took another curious turn when Sculley unceremoniously quit Specturm four months later, charging he had been mislead about the company by its president, Peter Caserta."

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