Filed in archive executive pay
by leon on March 18, 2007
The sound you hear is Apple chief Steve Jobs digging himself out of the hole he has helped create by all those backdated options.First at one end, a Disney probe has confirmed there was some...
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Filed in archive SOX
by leon on March 16, 2007
With the jury selected in the Conrad Black trial, it's worth looking at why some corporate leaders go off the rails? Is it greed? Arrogance?Tom Walker's thought-provoking piece in the Atlanta...
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Filed in archive SOX
by leon on March 16, 2007
The US Chamber of Commerce might have come out with its plan to water down Sarbanes-Oxley but Securities and Exchange Commission chairman Christopher Cox has told them they're dreaming.In his...
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After a hellish few months, Hewlett-Packard chief executive Mark Hurd and former chairwoman Patricia Dunn have had huge boosts.First, HP shareholders have come out with a huge vote of confidence in...
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Filed in archive markets
by leon on March 15, 2007
That's the question the world is asking as the US stock market continues to twist and turn on the fulcrum of anxieties over the subprime market.And while it's by no means clear that the...
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Filed in archive SOX
by leon on March 14, 2007
Talk about fiddling while Rome burns!The slowly unfolding disaster of the subprime lending industry hits US stocks and markets worldwide, but the Bush administration and CEOs seem to think the real...
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Filed in archive Compliance
by leon on March 14, 2007
The other day I had a chat with Axentis president Ted Frank.Axentis is regarded as one of the leading providers of governance, risk and compliance (GRC) management solutions.We talked about why...
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Filed in archive risk
by leon on March 13, 2007
The debate about global warming seems to have moved on but the climate change contrarians are still getting some traction. Whether it's in Australia, with the Lavoisier Society, or Channel Four...
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Filed in archive corporate crime
by leon on March 13, 2007
In a surprise development, it's been revealed that real estate tycoon Donald Trump is set to appear as a defence witness at Conrad Black's fraud and racketeering trial which kicks off this...
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Filed in archive litigation
by leon on March 12, 2007
Interesting development in the Australian corporate regulator's insider trading conflict of interest lawsuit against Citigroup (that's Citigroup's Sydney headquarters in the photo).The...
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Filed in archive Accounting
by leon on March 12, 2007
Just this year, I have blogged on the high turnover of chief financial officers here, here and here.Companies pay a price for this, in more ways than one.A recent survey conducted by Duke University...
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Filed in archive executive pay
by leon on March 12, 2007
There has been no shortage of celebrity CEOs. Steve Jobs, Bill Gates, Jack Welch, Lou Gerstner, and in her day, Carly Fiorina, just to name a few. But what impact does a celebrity CEO have on the...
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Filed in archive SOX
by leon on March 10, 2007
SOX co-writer Michael Oxley, who retired from Congress in January, is moving on. The architect of the law designed to stamp out corporate corruption is joining the law firm Baker Hostetter, according...
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Filed in archive Ethics
by leon on March 09, 2007
The saga of the infamous rogue trader Nick Leeson never ceases to fascinate. Twelve years ago, Leeson's trades bankrupted Barings, the bank which had put up the money for the Louisiana Purchase...
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Filed in archive executive pay
by leon on March 09, 2007
PricewaterhouseCoopers is forecasting that London is set to eclipse Paris and Chicago as the fourth biggest economy among world cities by 2020, as reported by the BBC, so it's no surprise that the...
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Filed in archive executive pay
by leon on March 08, 2007
In the middle of last year, The Wall Street Journal broke a disturbing story about companies cashing in on the market decline that came after 9/11 by issuing more stock options to their executives...
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It hasn't been a great year for Starbucks.Last month, there were the revelations of the memo from chairman Howard Schultz suggesting the global coffee giant had lost its mojo.We've also seen...
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Filed in archive corporate crime
by leon on March 07, 2007
Last week, I looked at Conrad Black's claims that there was a growing army of support for him and at a suspicious-looking and totally-over-the-top website backing the disgraced media mogul, even...
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Filed in archive SOX
by leon on March 07, 2007
In early 2006, I did a blog entry looking at how Sarbanes-Oxley may have figured in the Plamegate affair.Simply put, the Act's broad definition of obstructing justice by destroying or concealing...
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Filed in archive Accounting
by leon on March 07, 2007
Do the Big Four help their clients dodge tax by shifting their money into offshore havens?You bet, says a report from the British-based Tax Justice Network, a group of a group of accountants and...
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