Mr. Joe Grimaldi, the chief executive officer of the USA’s second largest factoring company, GMAC Commercial Credit, has been dismissed from his position.
Details of the reason for the dismissal are thin on the ground at present. However rumours are circulating that his enforced departure was linked to the results of an internal inquiry which was instigated by the company’s board of directors.
It is also rumoured that in the immediate aftermath of Mr Grimaldi’s dismissal, his secretary was escorted from the building by company security out of concern that she may attempt to conceal or destroy information linked to the dismissal.
BCR Publishing
