Congressman irked by Solyndra bonuses, equipment destruction
Editor’s note: The Ozarks Sentinel has partnered with The Washington Times to bring you local and world news.
By Jim McElhatton – The Washington Times
The head of a House Energy and Commerce Committee subcommittee investigating the collapse of solar panel maker Solyndra said Friday that tapes showing company workers destroying inventory were “an outrage.”
“First we learn of the ridiculous request for $500,000 in Solyndra bonuses. Now we find out that these employees are apparently destroying millions of dollars worth of equipment,” said Rep. Cliff Stearns, Florida Republican and chairman of the committee’s investigations panel.[adsenseyu1]
Mr. Stearns‘ remarks came in response to a report by CBS 5 of San Francisco showing company workers unwrapping glass tubes used in solar panels and throwing them into Dumpsters.
The report cited court documents saying the company had gotten permission to abandon high grade glass because the cost of storing it exceeded its value.
The report also said an employee from Heritage Global Partners, which is in charge of selling some of the company’s assets, told CBS 5 that nobody wanted to buy the equipment, despite an exhaustive search.
Read More at The Washington Times
© 2012 The Ozarks Sentinel - The Leader in Ozarks News
Covering the Ozarks region with solid news content since 2005.
Leave a Reply
You must be logged in to post a comment.










Send To A Friend













