Solutions 6 Chief Resigns Amid Scandal
Solution 6's Chief Executive Chris Tyler has resigned after revelations that he was central to the collapse of a Canadian company in the 1990s and was also given a suspended sentence for possessing a large amount of marijuana, according to Excite.
The market reacted positively to the move, with the accounting software firm's shares leaping 28% after his departure was announced. The previous poor performance of Solution 6 shares has led some to believe the resignation was forced.
Tyler owns 10% of Australian firm Solution 6, and is said to be in line for a six month payout.