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Article: Radio One Inc. Defends Executive Loans.
- Article from:
- The Washington Times (Washington, DC)
- Article date:
- June 27, 2002
CopyrightCOPYRIGHT 2002 The Washington Times. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Chris Baker
Jun. 27--Radio One Inc. yesterday defended a series of loans it gave its top executives, after two days of transactions-related speculation that the Lanham broadcasting company said hurt its stock.
In the past two years, the company has given loans to Alfred C. Liggins III, its president, chief executive officer and treasurer; Scott R. Royster, its executive vice president and chief financial officer; and Linda Vilardo, its general counsel.
The company reported each loan to the U.S. Securities and Exchange Commission (SEC) within days of each transaction. In the past few days, a Wall Street Journal reporter has called several ...