 Thoman was forced to resign on May 11, 2000, with Allaire resuming the role of CEO and he promoted Anne M. Mulcahy to President and COO.Thoman then joined Evercore Partners as a senior advisor.Allaire, Thoman, Romeril, and three other senior Xerox executives paid the SEC the sum of $22 million to settle accusations by securities regulators that they participated in a large accounting fraud that allowed the company to overstate its profits by $1.4 billion from 1997 to 2000.