A PAINTING OF A lighthouse hangs in Garry J. Scheuring's office, but since learning the history behind it, Midlantic Corp.'s chairman and chief executive has decided the picture must go.

It depicts Long Island Sound's Execution Rock, where 17th century Dutch colonists left prisoners chained so they would drown when the tide came in.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.