http://www.forbes.com/forbes/1999/0726/6402246@_print.html.
Robert Finocchio joined Informix in July 1997 as the CEO. After his appointed position, Informix headed down a 14 month accounting scandal. This scandal resulted in an overstatement of $280 million, $240 million in the red, and a $3 million reported loss. However, Mr. Finnochio agreed to pay $140 million to insurers and accountants to solve the problem. Mr. Finnochio resigned as CEO and demoted to chairman. Jean-Yves Dexmier, the chief financial officer(CFO) is confident that Informix will reinstate the trust and faith of the investors.
