By now I hope you've read Brad Friedman's coverge of Diebold's woes. Walden O'Dell, the CEO of every democracy-lover's least-favorite company, is resigning for the proverbial "personal reasons." This announcement follows disclosure of an imminent class-action lawsuit against Diebold over securities fraud. It is said that suit involves deceptive statements on a prospectus isued to shareholders.
The announcement of O'Dell's departure can be found here.
Interestingly, Diebold's current troubles may have some relation to a stock plummet that followed hard on the heels of Brad Friedman's publication of an interview with "Dieb-Throat." According to this insider, the company's election equipment is about as hackable as George Washington's cherry tree.
Oddly enough, the company's stock did not rise even after states which once seemed poised to de-certify Diebold machinery suddenly "saw the light" and gave the company the nod.
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