When you're the chief executive of a major manufacturing company, it's no good
when newspapers reveal that you once spent time in prison for armed robberies
and a bank heist.
It's especially embarassing when your company is the Smith & Wesson Holding
Yes, that Smith & Wesson-the nation's second-largest gun maker.
CNN/Money reports that James Joseph Minder's resignation came on Feb. 27;
he had been named chairman of Smith & Wesson just the month before, amid
a board shakeup. His convictions were unknown to the company until the Arizona
Republic newspaper reported that Minder, now in his 70s, had spent time in prison
in the 1950s and 1960s for a string of armed robberies and an attempted prison
The Detroit News, which also looked into Minder's past, said he was known back
then for carrying a 16-gauge, sawed-off shotgun.