I probably should have taken some wonderful advice from a commenter and emailed Gary Locke a few weeks ago. Now that a lawsuit has been filed, how many folks think he would email me back with a “Oh, Hey Emmett…. Well, the reason I voted (didn’t vote) to give McGavick a big chunk of change as he was running to unseat Maria Cantwell was…”
A shareholder sued Safeco’s former chief executive — U.S. Senate candidate Mike McGavick — and its board of directors on Tuesday, claiming they violated securities laws by awarding McGavick about $28 million in stock and other perks when he left Safeco earlier this year.
The lawsuit was filed by Emma Schwartzman, 27, a former waitress studying at the University of Washington who says her great-great-grandfather was a founder of the company that became Safeco.
The suit contends McGavick and the board “committed corporate waste” and made false statements to investors about the nature of McGavick’s financial package.
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Former Democratic Gov. Gary Locke, a member of the Safeco board, is listed as a defendant, too.
When I saw the lawsuit was filed and my wife told me that the media was crediting Goldy at Horses Ass for starting this whole thing, I thought of your post from a couple of weeks back.