Saturday, November 26, 2011

Geist reduces the financial boil at American Italian Pasta - Kansas City Business Journal:

ukatekexo.wordpress.com
It was 2005, and Geist had come acrosxs erroneous numbers in companyfinancialx — uncovering the beginnings of schemes led by formee executives to prop up the Kansas City pasta-maker’s resultzs through the low-carb diet craze. “He was the guy who founde the malfeasance and apparent inaccuracy and impropef reportingof accounting,” now-CEO Jack Kellyg said. “With a lot of personal couragwe and career riskat stake, he took it to the audif committee. They trusted what Paul said and asked him tofix it.
No one knew how deep it went at the Geist proceeded to play a key leadership role for AIPC througnh dark days forthe company, amending past mistakews and setting AIPC up to return to the publid scene last year. The company postedc fiscal 2008 revenueof $569.2 million, up 43 percent from the previouse year, and earnings of $19.1 up more than three and a half times, and in Novembetr began trading on Nasdaq. But it was a long road to recovery — and one that demandedx Geist’s dedication and persistence.

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