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Staples president resigns
October 20, 1997: 7:43 p.m. ET

Hanaka allegedly violated "fraternization" policies
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NEW YORK (CNNfn) - Office supply chain Staples Inc. Monday said Martin Hanaka, its president and chief executive officer, has resigned following an investigation that showed he violated a number of company policies, including its fraternization guidelines.
     A company spokesman told CNNfn that Staples had information that Hanaka may have violated company policy. After obtaining that information, she said, the company launched a detailed inquiry in which several violations surfaced.
     The spokesman said Staples' board of directors then determined that he no longer could serve effectively.
     According to Reuters, Hanaka was charged two weeks ago with assaulting a secretary during an argument.
     Hanaka was arrested Oct. 7 for allegedly grabbing the arm of Cheryl Gordon, a company secretary, during an argument, Framingham Police Dept. Lt. Wayne McCarthy said.
     A Staples spokeswoman told Reuters that Hanaka and Gordon both resigned.
     Officials said he will serve as a full-time consultant reporting directly to the company's chairman for the next six months while the search for his successor is under way.
     Staples currently operate 683 office superstores around the world. Back to top
     --Cyrus Afzali


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