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Executive Suite 10/7/2012: Karl Wadensten, Vibco

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10/7: Wadensten wants big changes in RI

Vibco chief also talks tense EDC-38 Studios talks

Updated: Wednesday, 03 Oct 2012, 5:49 PM EDT
Published : Wednesday, 03 Oct 2012, 5:41 PM EDT

This week on Executive Suite: Karl Wadensten, president of Vibco Inc. in Wyoming, R.I.

Wadensten joined the R.I. Economic Development Corporation board of directors in 2010, just months before the board agreed to back a $75 million loan to 38 Studios, Curt Schilling's video game company. He was the only board member who voted against the idea, and discusses his reasoning and why he supported last spring's decision not to give the company additional support. Wadensten also reacts to the recent RIPEC study calling for an overhaul of the EDC and lays out his own vision for fixing state government's approach to commerce.