Kiewhere? Contractor Seeks Vote To 'Go Private' With Financial Data
The managers and directors of Peter Kiewit Sons Inc. want to conceal the company's financial data from the public, saying the process costs too much and disclosure hurts the company's ability to compete for work.
Kiewit is an employee-owned company that for many years has been required by federal rules to disclose its financial results and executive compensation. Although execeptions have been granted, under federal law companies with $10 million in revenue and 500 employee-stockholders must comply with federal disclosure regulations even if the company's stock is only available to staff members.