While top line revenues continue their descent according to fiscal year results announced this am. Who or what will be left as the CityTime curse continues to haunt the bottom line. Dr Redacto can't burn this news to a crisp. City Time haunts there SECOND (security and exchange commission) filings
Its legal to say there not sure! And Leidos has there fingers in our lots of military systems.
" our ability to comply with certain agreements entered into in connection with the CityTime matter; cybersecurity, data security or other security threats,"
"On March 24, 2014, the Company and K. Stuart Shea, our President and Chief Operating Officer, mutually agreed that Mr. Shea’s employment with the Company will cease effective as of April 6, 2014."
" we agreed to pay Mr. Shea an aggregate amount of approximately $3,386,892, less applicable tax withholdings. "
"Revenues for the fourth quarter of fiscal year 2014 were $1.30 billion, compared to $1.58 billion in the fourth quarter of fiscal year 2013, reflecting a revenue contraction of 18 percent."
"The prior year quarter contained an income tax benefit of $96 million, or $1.12 per diluted share, as a result of an issue resolution with the IRS with respect to the tax treatment of the CityTime settlement."