The president and chief executive officer of Columbia based Arbitron, Inc. has resigned after lying to Congress. According to this story by Darrell A. Hughes and Joann S. Lublin in the Wall Street Journal, Michael Skarzynski stepped down after admitting to making a “false statement made in his testimony before a U.S. congressional committee last month…”
Don’t feel too bad for Mr. Skarzynski though. He still walks away with a pretty sweet severance package.
“In a regulatory filing Tuesday, Arbitron disclosed an exit package for Mr. Skarzynski that includes $750,000 cash and forgiveness of about $125,000 in relocation costs that he otherwise would have had to repay.”
Not bad after only being in the job for a year.