Albert reserves his harshest criticism for Charles Pieper, a Clayton partner who was chairman of Fairchild.

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Once the Buy Back program fee and other costs are factored in, much of the allure of gaming the system falls away, said Pieper.

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In particular, Pieper-Vogt awarded sweetheart contracts to personal friends and associates, bought and sold company assets on non-competitive terms to advance her own professional relationships, and required Fusion to finance her self-promotional ventures.

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