Samsonite CEO Steps Down After His Credentials are Questioned

Samsonite CEO Ramesh Tainwala recently resigned after a research report issued by short-seller Blue Orca said he falsely claimed on his resume that he earned a doctorate in business administration from Union Institute and University in Cincinnati. Samsonite called the report one-sided and misleading, but will replace Tainwala with CFO Kyle Gendreau.

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