SEC Charges Global Transportation Company Greenbrier and Former CEO for Failing to Disclose Perks and Payments

The Securities and Exchange Commission today announced settled charges against Oregon-based freight transportation supply company, The Greenbrier Companies Inc., and its founder and former CEO and Chairman, William A. Furman, for failing to disclose perks provided to Furman and other Greenbrier executives and compensation Furman received from Greenbrier’s charters of Furman’s private plane for travel by company executives, including Furman. Greenbrier and Furman agreed to pay $1 million and $100,000 in civil penalties, respectively, to settle the charges. The SEC’s orders find that Furman owned a private aircraft, which he leased to an aircraft management company to charter to third parties on his behalf.