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Optical Cable Ousts Top Officer

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NEW YORK, Dec. 4 -- Optical Cable Corp. said Robert Kopstein has been removed as chairman, president and chief executive after its board of directors learned he had pledged some of his Optical shares to secure personal loans. The company formed a special committee in early October after learning Kopstein had pledged "substantially all of his personally held unregistered shares of the company to secure substantial personal margin loans from several brokerage firms," Optical said in a release. "Because of the time and attention necessitated by the ongoing disputes with the brokerage firms and...Read full article

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    Published: December 2001
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