CEO
Ten of the most high-profile chief executives and chief financial officers behind bars in the US and the UK are serving a total of 134 years. The oldest will be an octogenarian when he is released, assuming he serves his full sentence, and the youngest will be 47. 1.
business ethics
What's the best way for an employee to blow the whistle on fraud or related infractions? The most popular way seems to be via hotlines or similar reporting tools. According to a joint report from the CSO Executive Council, an organization of corporate and government security executives, and
backdating
Brant entered a plea of guilty in New York County Supreme Court to falsifying business records in the first degree, a Class E felony. In settlements with the District Attorney's Office and the United States Securities and Exchange Commission, Brant will make a total payment of $7,261,
Corporate crime
Brownell is the third high-level official of D.C.-based Douglas Development who has been found guilty of felony charges. (...) Between 1996 and 2004 Douglas Development made payments totaling more than $270,000 to a credit line account of Brownell at Potomac Valley Bank, where the funds were then
Bank fraud
A federal judge in Topeka sentenced former Westar Energy CEO David Wittig to 24 months in prison for bank fraud (Houston Chronicle via Business Week)
business ethics
Samsung Electronics of South Korea, the world's largest maker of memory chips, has agreed to pay $90 million to settle civil charges that it conspired with six other makers of computer chips to fix prices, the attorneys general of 41 states announced. (...) The other companies involved included Infineon
Ben Stein
When I see what the top dogs at all too many corporations are now doing to that trust, I feel queasy. Outrageous — yes, obscene — pay. Greedy backdating of stock options, which in my opinion is straight-up theft. Managers buying assets from their trustors, the stockholders, at pennies on the