Savvis Settles
VENDOR UPDATE
NEW YORK—In a development that company officials must hope is the final nail in the coffin, financial networking solutions provider Savvis reportedly has settled with American Express (AmEx) over a $241,000 tab that its then-CEO allegedly ran up at a Manhattan strip club. Although the details of the settlement were not made public, the New York Daily News quotes an AmEx spokesperson saying, "The parties have resolved their differences."
Former CEO Robert McCormick reportedly celebrated a new
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