Content about Conaway

November 10, 2010

Former Kmart CEO Charles Conaway has agreed to drop his appeal of a $10 million...

HOFFMAN ESTATES, Ill. — Former Kmart CEO Charles Conaway has agreed to drop his appeal of a $10 million fine levied last year by the Securities and Exchange Commission for his role in misleading investors. Conaway, who ran Kmart a decade ago after serving as president of CVS, will pay $5.5 million to settle the charges, according to reports from the Associated Press and other news sources.