Around the Web: Republic Windows and Doors

Richard Gillman, the former CEO of Republic Windows and Doors, was jailed yesterday after a judge set his bail at $10 million, according to an article in the Chicago Tribune. The Chicagoland company made national headlines last year when its laid-off workers staged a sit-in.

Gillman has been charged with theft, mail fraud, money laundering and other felony counts connected to an alleged scheme to bankrupt his company. Prosecutors allege that Gillman secretly dismantled his operation so he could set up another non-unionized factory in a different state.

The abrupt closure of Republic Windows and Doors last December left more than 200 unionized workers without jobs, back pay or severance checks, prompting many of them to refuse to leave the company’s factory. The standoff lasted for six days, drawing national attention.

Over the protests of his lawyer, the ex-CEO was taken into custody after the unusually high bail was announced at a court hearing.