According to the Washington Post: SAIC renames its Company in split/spin off Leidos (plural male) to wash away CITYTIME scandal.
leído
[lay-ee' -do, dah]
adjective
1.
Having read much, booklearned.
past participle
2.
Past participle of LEER.
"The split is meant to reposition the contractor, which has faltered amid shrinking revenue and profit as well as a high-profile scandal in the form of an employment timekeeping system the company managed for New York City. Two SAIC employees were charged with conspiring to defraud the city, and the company paid about $500 million to settle the case."
Note from Suzannah - in bed very sick. Hope last blog post for today.
In my opinion SAIC has a long rap sheet of crime like a career criminal but powerful connections The White House, CIA, Pentagon have prevented an Enron ending.
Stay tuned. News soon on SAIC derivative law suit that looks like my blog but no typos and poor grammar.
I wait for Preet Bharara to go back in Time and if SAIC shareholders lose CityTime suit it might pressure Preet to go back in Time CityTime.
His office has not gotten back to me on arrests of NYC gov officials. I await an update.
Preet said there would be arrests.
I continue to point out we should have gotten way more than the $450 million back from SAIC
