It was the company chairman's first response to a lawsuit over the paintings.

But in fact there appears to be little a company chairman can do other than try to ride out the fashion of the moment.

The company chairman however claims that the 2007 festival will go ahead as planned.

But he is not the only company chairman feeling the heat, he added.

Sugar also served as the company chairman of the board.

He later became a company chairman and director of several firms.

Her marriage was discovered, but the company chairman made an exception to the rule so that she could keep playing for the team.

He retained and enjoyed an active role as company chairman until his last day.

What effect does this have on the company chairman or chief financial officer?

So a company chairman earning $750,000 a year and giving $250,000 to the local orchestra would pay tax on only $500,000.