Manufacturing CEO Seeks Distance From Man Convicted in Ponzi - ABC News

The CEO of manufacturer Johnson Controls Inc. has had a turbulent two-year tenure: He was docked $1 million after an affair with a consultant, went through a contentious and high-profile divorce, and most recently is answering questions about why he gave millions to a man convicted in a $50 million Ponzi scheme.

Alex Molinaroli has meanwhile sought to shepherd the company, which has annual revenues of $43 billion, through a massive restructuring that involves spinning off about half its operations into a new business.

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