Solyndra employees: Company suffered from mismanagement, heavy spending

Date: 23 September 2011
Source: http://www.washingtonpost.com

Date: 23 September 2011

Former employees of Solyndra, the shuttered solar company that exhausted half a billion dollars of taxpayer money, said they saw questionable spending by management almost as soon as a federal agency approved a $535 million government-backed loan for the start-up.

A new factory built with public money boasted a gleaming conference room with glass walls that, with the flip of a switch, turned a smoky gray to conceal the room’s occupants. Hastily purchased state-of-the-art equipment ended up being sold for pennies on the dollar, still in its plastic wrap, employees said.



Read the full story: www.washingtonpost.com/politics/solyndra-employees-company-suffered-from-mismanagement-heavy-spending/2011/09/20/gIQAMHC3lK_story.html
600450 Solyndra employees: Company suffered from mismanagement, heavy spending glassonweb.com

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