In re the Claim of Amato

Appeal from a decision of the Unemployment Insurance Appeal Board disqualifying claimant for benefits on the ground that he left his employment voluntarily and without good cause. (Unemployment Insurance Law [Labor Law, art. 18], § 593, subd. 1, par. [a].) In 1962 claimant and one Gimourginas formed a corporation to engage in public construction work. Each contributed 50% of the capital of the corporation and received in exchange therefor one half of its capital stock,. Claimant became its president and treasurer. Originally each of the stockholders drew weekly salaries of $125 plus an…