Prospering Pike Electric Terminates Chief Accounting Officer After Error
Privately owned Pike Electric Corp. completed an initial public offering of stock last July, raising $122 million and beginning life as a publicly traded company. But the Mt. Airy, N.C.-based contractor stumbled recently at an investors conference where it generally had happy news and record revenue.
As a result of the isolated financial reporting error, the company�s chief accounting officer is out of a job.