LATEST: Ferrara Pan president says he is still with candy company
http://www.chicagotribune.com/business/breaking/chibrkbus-ferrara-pan-preside...
"The board of directors are 100 percent intact," Ferrara told the Tribune on Thursday. "The executive officers are intact prior to what happened over the last few days, no fewer, no less, and no different positions or titles."
Two people familiar with the matter said that Ferrara was barred from the building by security while the board conducted a vote that led to his ouster. They described the dispute as centering on the firm's finances. One of these people said that Ferrara was reinstated in a second board vote, held Wednesday.
Cops remove Ferrara Candy president from HQ
http://www.chicagotribune.com/business/breaking/chibrkbus-cops-remove-ferrara...
Forest Park deputy chief Tom Aftanas confirmed that Ferrara was removed from the company's headquarters last Wednesday. Police responded to a disturbance call, and spent about 20 minutes at the family-owned candy company based in Forest Park. Aftanas said that Ferrara made the call to police, but after three officers arrived on the scene, it became clear that it was Ferrara who needed to be removed.
Forest Park cops ask Ferrara Pan chief to leave headquarters
No report of the incident made, but police claim Sal Ferrara II called authorities
http://www.forestparkreview.com/main.asp?SectionID=1&SubSectionID=38&...
Det. Jarlath Heveran told the Forest Park Review that Ferrara had returned from a company meeting in Chicago where he was reportedly voted off the company's board by other members. Ferrara then returned to Forest Park and attempted to enter the company's headquarters but was denied access by security hired by newly elected President Jim Buffardi, the company's former treasurer, Heveran said.
"The building was secured by off-duty Chicago police officers who were employed by the Buffardi regime to keep all the old administration out," Heveran said.
Ferrara Pan Candy Co. owner in conflict at family business
Read more: http://www.chicagobusiness.com/section/blogs?blogID=shia-kapos&plckContro...
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http://www.chicagobusiness.com/section/blogs?blogID=shia-kapos&plckContro...
The Ferrara family owns the business along with the Buffardi and Pagano families, though it's Mr. Ferrara who has run the company for years. According to sources familiar with the industry and close to the company, family members had become displeased with how Mr. Ferrara was running the company. "He would drop $35 to $40 million (on projects), and shareholders didn't like it," a source said. "They felt they weren't getting as much money."
http://www.chicagotribune.com/business/breaking/chibrkbus-ferrara-pan-preside...
"The board of directors are 100 percent intact," Ferrara told the Tribune on Thursday. "The executive officers are intact prior to what happened over the last few days, no fewer, no less, and no different positions or titles."
Two people familiar with the matter said that Ferrara was barred from the building by security while the board conducted a vote that led to his ouster. They described the dispute as centering on the firm's finances. One of these people said that Ferrara was reinstated in a second board vote, held Wednesday.
Cops remove Ferrara Candy president from HQ
http://www.chicagotribune.com/business/breaking/chibrkbus-cops-remove-ferrara...
Forest Park deputy chief Tom Aftanas confirmed that Ferrara was removed from the company's headquarters last Wednesday. Police responded to a disturbance call, and spent about 20 minutes at the family-owned candy company based in Forest Park. Aftanas said that Ferrara made the call to police, but after three officers arrived on the scene, it became clear that it was Ferrara who needed to be removed.
Forest Park cops ask Ferrara Pan chief to leave headquarters
No report of the incident made, but police claim Sal Ferrara II called authorities
http://www.forestparkreview.com/main.asp?SectionID=1&SubSectionID=38&...
Det. Jarlath Heveran told the Forest Park Review that Ferrara had returned from a company meeting in Chicago where he was reportedly voted off the company's board by other members. Ferrara then returned to Forest Park and attempted to enter the company's headquarters but was denied access by security hired by newly elected President Jim Buffardi, the company's former treasurer, Heveran said.
"The building was secured by off-duty Chicago police officers who were employed by the Buffardi regime to keep all the old administration out," Heveran said.
Ferrara Pan Candy Co. owner in conflict at family business
Read more: http://www.chicagobusiness.com/section/blogs?blogID=shia-kapos&plckContro...
Stay on top of Chicago business with our free daily e-newsletters
http://www.chicagobusiness.com/section/blogs?blogID=shia-kapos&plckContro...
The Ferrara family owns the business along with the Buffardi and Pagano families, though it's Mr. Ferrara who has run the company for years. According to sources familiar with the industry and close to the company, family members had become displeased with how Mr. Ferrara was running the company. "He would drop $35 to $40 million (on projects), and shareholders didn't like it," a source said. "They felt they weren't getting as much money."
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