People: former CFO out of a job but charges dismissed

Roeschlein's mother, Jo Ann Castle, and her boyfriend, Lin Biviano, reported to police that, on Thanksgiving Day, 26 November, 2009, Mr. Roeschlein, who was visiting along with his family and his wife's parents and grandmother, allegedly assaulted them in front of other guests during a verbal argument.

When Roeschlein was charged, his employer included that information in an SEC filing in May 2010. Roeschlein was then dismissed.

But on 13 May 2011, the prosecutors in Taney County, Missouri where the charge of assault were laid have "dismissed" it.

"Although I am grateful that prosecutors finally recognised that these allegations were entirely baseless and without merit, it is frustrating that an accusation with no substance or proof behind it can be so costly to one's life and career," said. "I am extremely thankful for the support of my wife, sister, extended family, and lawyers, all of whom recognised the absurdity of these charges from the very beginning. With this behind me, I am eager to get back to my career as a senior finance executive."

Although Roeschlein is not expressing any ill-will towards his former employer, the case raises a serious question as to how best to deal with the situation where an employee is accused of a serious offence.

This morning, Dominique Strauss-Khan, the Director of the International Monetary Fund, will appear in Court in New York on charges of assault and attempted rape. He will plead not guilty. However, even though it is probable that he will be released on bail he is likely to be banned from travel which will make the performance of his duties very difficult. Even so, it is not likely that he will be dismissed or suspended pending trial.

Which makes Roeschlein's treatment look somewhat harsh - even though many companies would consider their own reputation ahead of that of any individual employee.