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BIOLASE Technology, Inc. (BIOL) Quashes Rumors of CEO Departure


6/11/2013 7:57:30 AM

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Biolase CEO Federico Pignatelli, who made waves with his commitment to a $1 salary, denies rumors that he is stepping down. Biolase (NSDQ:BLTI) issued a message to concerned investors, quashing rumors of CEO Federico Pignatelli's imminent departure and asserting his continued leadership of the dental laser company. Pignatelli took the reins at Biolase in 2010, announcing a voluntary $1 salary and 35,000 shares of company stock as his annual compensation, a commitment he's re-upped ever since and challenged others to undertake, calling on political and corporate figures to tighten their own belts.

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