News Home
Quick Bites
News Archive
News Channel
Special Features
On AirNewsClassical
School Closings
WKSU Support
Funding for WKSU is made possible in part through support from the following businesses and organizations.


Meaden & Moore

Knight Foundation

For more information on how your company or organization can support WKSU, download the WKSU Media Kit.

(WKSU Media Kit PDF icon )

Donate Your Vehicle to WKSU

Programs Schedule Make A Pledge Member BenefitsFAQ/HelpContact Us
Economy and Business

Diebold loses chief financial officer and money
But third-quarter earnings were better than analysts expected

Web Editor
M.L. Schultze
Mattes says North America markets are showing signs of a turnaround, but better times for Diebold may have to await 2014 and 2015.
Download (WKSU Only)
In The Region:

Green-based Diebold is losing another top executive and lost nearly $22 million in the third quarter of the year. Still, that beat analysts’ expectations.

During a conference call this morning, new CEO Andy Mattes said he expects a turnaround in 2015. And, after announcing earlier $150 million in cuts – including 700 layoffs – Mattes says Diebold is starting to invest in sales and technology.

LISTEN: Mattes on spending and growth projections

Other options:
Windows Media / MP3 Download (0:23)

“IT is an area where we have to make massive investments. These are things where you have purchased moments in time. There are rollout costs associated with it. So we stay committed to the $150 million but you want to think of 2014 as the year of heavy lifting.”

The maker of bank security equipment and ATMs is tying its third-quarter loss to problems with the banking, election and lottery industries in Brazil.

Mattes gave no specifics on the departure next week of Chief Financial Officer Bradley Richardson other than saying Richardson’s decision was personal.

Last week, the company agreed to pay a $48 million fine to settle charges its subsidiaries gave millions of dollars in “improper gifts” to foreign official in Asia and Indonesia.

Diebold removed its former CEO, Tom Swidarski, in Janaury. And in 2010,  two of its previous CFOs were charged in a civil complaint by the SEC with misstating earnings. Diebold paid a $25 million fine and restated its 2003-2006 earnings.  

Add Your Comment


E-mail: (not published, only used to contact you about your comment)


Page Options

Print this page

E-Mail this page / Send mp3

Share on Facebook

Stories with Recent Comments

Bhutanese resettlement has had a big economic impact
Informative especially for nonmembers of North Hill. I appreciate the fact that you mention that the younger generation has an easier time than the elders but t...

Ottawa County Commissioner sworn in as new house member
Congratulations on your new appointment to the Ohio House. I'm certain you will do an outstanding job in your new role representing our district. When you have...

Holden Arboretum opens a new canopy walk and emergent tower
Visited the Holden Arboretum today to witness the incredible work you did constructing the tower and bridges.WOW! Very impressed. Knew the build had to be great...

Local club works to bring back the once-prevalent American elm
I would love to help! Where would I get some of the new Strain so I could plant them?

Four Geauga school districts consider consolidating on the Kent State campus
Berkshire was smart to merge with Ledgemont because it had shrinking enrollment and excess capacity at its high school. Now that Cardinal is dragging its feet ...

Ohio Rep. John Boccieri sworn into office and hopes to look for 'middle ground' with colleagues
Welcome back to the Statehouse, John. You are a terrific representative in the truest sense always representing the people's voice in teh district you serve. ...

Lawmakers call for indefinite freeze on Green Energy standards
It's a shame the Hudson Rep. Chooses to mimic the words of the extreme right senator on his way out to join ALEC when we know the Pope was just here because of...

Youngstown Schools file suit against the Ohio Department of Education to stop the implementation of an academic distress commission
Voters should ask WHY this plan was rushed into law under the cover of darkness. What clues point to the beneficiaries of this plan? Both Patrick O'Donnell of...

More join the battle against Ohio's current forfeiture laws
NOT TRUE IN OHIO! ! My cousin's 8 rental houses were siezed in the early 2000s. He was a decorated Cleveland Police officer and detective (now retired). His dis...

Copyright © 2015 WKSU Public Radio, All Rights Reserved.

In Partnership With:

NPR PRI Kent State University

listen in windows media format listen in realplayer format Car Talk Hosts: Tom & Ray Magliozzi Fresh Air Host: Terry Gross A Service of Kent State University 89.7 WKSU | NPR.Classical.Other smart stuff. NPR Senior Correspondent: Noah Adams Living on Earth Host: Steve Curwood 89.7 WKSU | NPR.Classical.Other smart stuff. A Service of Kent State University