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online payday loans Share Share this Story: Burnaby based Photon Control shakes up management after un approved $4.5 million loan Copy Link Email Facebook Twitter Reddit Pinterest LinkedIn TumblrNews Local News COVID 19 Politics National COVID 19 Crime World Education Staff Blogs Weather Podcasts BC Public Sector Salaries Database Archives Hot Topics Business Local Business Open during COVID Featured Businesses Energy Mortgages Real Estate Commercial Real Estate Economy Next Technology Gaming Internet Personal Tech Retail FP Markets Small Business BC Top Employers Opinion Columnists Letters Op Ed Sports Hockey Vancouver Canucks NHL Football BC Lions CFL NFL Soccer Vancouver Whitecaps MLS International Baseball Basketball NBA NCAA Golf Golf Videos MMA Curling Tennis Auto Racing Arts Local Arts Celebrity Movies Movie Listings Television TV Listings Music Theatre Festivals Books Life Shopping Essentials Food Local Food Reviews Recipes Wine Country Salut! Health Local Health Diet Fitness Family Child Men Women Seniors Sexual Health Fashion Beauty Parenting Relationships Royals Puzzles New York Times Crossword Comics Advice Horoscopes Contests National Contests Homes Buying Selling Westcoast Homes and Design Current Issue Condos Decorating Gardening Renovating Out of Town Properties Travel Local Travel International Travel Obituaries Place an Obituary Place an In Memoriam Classifieds Place an Ad Celebrations Real Estate Marketplace Local Directory This Week’s Flyers Jobs Auction Driving All Driving News Reviews Car Comparison Buyer’s Guide Healthing The GrowthOp Videos ePaper Our Offers My Account FAQShare this Story: Burnaby based Photon Control shakes up management after un approved $4.5 million loan Copy Link Email Facebook Twitter Reddit Pinterest LinkedIn TumblrBreadcrumb Trail Links Local Business Burnaby based Photon Control shakes up management after un approved $4.5 million loan The CEO and chairman of Burnaby based Photon Control Inc. Have stepped down from their roles with the company following the revelation of and subsequent internal investigation into an un approved $4.5 million loan to a third party firm that is also related to the board chair. Have stepped down from their roles with the company following the revelation of and subsequent internal investigation intoan un approved $4.5 million loan to a third party firm that is also related to the board chair.Photon deputy chairman Michael Goldstein, who has stepped in as acting chairman and CEO of the company, made the announcement Monday.”This has been a regrettable financial decision and a clear breach of governance procedures,” Goldstein said of the $4.5 million transaction, which the board of directors found out about on June 14, when CEO Christopher Weston brought it to their attention.Article content A subsequent investigation by a special committee, with independent legal counsel, found that the money the company advanced was loaned to another company controlled by Dueck that has no business with Photon Control.online payday loans

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