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Reports US

US stock market daily report (September 02, 2014, Tuesday)

September 3, 2014, Wednesday, 05:28 GMT | 00:28 EST | 08:58 IST | 11:28 SGT
Contributed by Millennium Traders

Desmond Hague, CEO for Stamford, Connecticut based catering company Centerplate, resigned on Tuesday after he was caught on surveillance video in an elevator at a hotel in Vancouver, British Columbia - abusing a Doberman puppy. Hague is facing potential charges, fines, legal and business repercussions after the video showed him kicking and dragging the small Doberman. The video shows Hague jerking the leash so hard, he lifts the puppy off the floor of the elevator, by its neck. Hague exits the elevator, dragging the dog behind him.

The British Columbia Society for Prevention of Cruelty to Animals investigated the incident, seized the dog who was in a crate surrounded by its own urine and has forwarded the evidence to Crown Counsel, British Columbia's prosecution service, which will make a decision on further charges or fines. Alicia Wright, public relations director for the Connecticut Humane Society in Newington said, "We are very pleased to see that the Canadian authorities are conducting a thorough investigation. If evidence warrants, we hope and urge British Columbia to prosecute Des Hague to the fullest extent of Canadian law."

Centerplate, which supplies food to sports and entertainment venues in the United States and Canada, issued the following statement, "We pride ourselves as individuals and as a company on how we treat others - both humans and animals. The company finds Mr. Hague's personal behavior unacceptable and outside the bounds of our high standards and expectations of all of our staff. We do not condone nor can we overlook the mistreatment of animals and Mr. Hague's personal misconduct."

Joe O’Donnell, chairman of the board of directors for Centerplate, said in a statement, “We want to reiterate that we do not condone nor would we ever overlook the abuse of animals. Following an extended review of the incident involving Mr. Hague, I’d like to apologize for the distress that this situation has caused to so many; but also thank our employees, clients and guests who expressed their feelings about this incident. Their voices helped us to frame our deliberations during this very unusual and unfortunate set of circumstances.” Chris Verros has been appointed acting president and CEO, effective immediately.

In a statement to Global News Hague said, "I take full responsibility for my actions. This incident is completely and utterly out of character and I am ashamed and deeply embarrassed."

No matter ones position in business - everyone is accountable to the law and that includes animal cruelty. We do not want our children to follow in the footsteps of corporate leaders who are unable to obey all laws. Individuals of this stature are expected to maintain a higher level of control and integrity.