Filed in archive corporate crime
by leon on February 29, 2008
Disgraced former Hollinger chairman Conrad Black has lost his last-minute appeal to stay out jail and will have to report to the slammer by Monday. He has been assigned to the US Bureau of...
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Filed in archive executive pay
by leon on February 29, 2008
Donations to charity are tax deductible. But what if they are in the form of backdated stock gifts?That seems to be the case in a new study from New York University finance professor David Yermack,...
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More evidence that good governance delivers results.Portfolios with companies that have good corporate governance deliver 18% higher average share-price returns to investors than those without,...
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Filed in archive markets
by leon on February 28, 2008
Federal Reserve chairman Ben Bernanke might be signalling more rate cuts to ward off recession but economists say the recession is inevitable. The only thing they can't agree on is what shape...
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Filed in archive Ethics
by leon on February 27, 2008
How serious are private companies about saving the planet. Not very, according to a new global survey by accounting firm Grant Thornton.Grant Thornton's International Business Report 2008 has...
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Filed in archive SOX
by leon on February 27, 2008
How bad is the relationship between the Securities and Exchange Commission and the Public Company Accounting Oversight Board? What are the tensions? Can they actually work together to protect the...
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Filed in archive litigation
by leon on February 26, 2008
The enforcement division of the Securities and Exchange Commission brings between 400 and 500 civil enforcement actions every year for violations that include insider trading, manipulating market...
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Filed in archive risk
by leon on February 26, 2008
Fascinating figures out last week showing that Russia had eclipsed China as the world's biggest producer of malware. The US comes in at number three.As Joe Telafici writes in this latest McAfee...
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What impact do restatements have on the share price? Do investors pick up signals before the company decides to come clean? And how do companies that overstate their earnings perform before they...
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Filed in archive executive pay
by leon on February 25, 2008
In the past, I have talked about the appalling bonuses and huge pay packets handed out rewarding failure in the subprime crisis. Some examples here, here, here and here.But according to Nell Minnow,...
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Filed in archive strategy
by leon on February 24, 2008
General Motors Corp Vice Chairman Bob Lutz has come out swinging after his put down of global warming in a closed-door session with journalists.At that session in January, Lutz described global...
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Filed in archive markets
by leon on February 23, 2008
The subprime disaster is hitting insurers hard with Fitch Ratings saying US life insurers have an estimated $7 billion to $8 billion in unrealized losses on subprime, reports The Wall Street Journal....
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Filed in archive litigation
by leon on February 23, 2008
Move over wesley snipes. The Internal Revenue Service is suing Oscar-winning actor Nicholas Cage for using a Los Angeles-based company he owns "to wrongly write off 3.3 million dollars in...
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Filed in archive Compliance
by leon on February 22, 2008
Société Générale has posted a massive fourth-quarter loss after maverick trader Jérôme Kerviel blew $7.2 billion in unauthorized trades but the bank seems to doing its best not to shoulder any...
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Filed in archive Compliance
by leon on February 22, 2008
Had a chat this week with Brett Curran, vice president of GRC and privacy practices at Axentis. He was in Texas, I was in Melbourne, Australia. But it was a great session. We talked about all the...
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Filed in archive litigation
by leon on February 21, 2008
Just another example of how out of touch the law is when it comes to technology with a US federal judge has tried shutting down the website Wikileaks.org. You can find details of the court order...
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Filed in archive risk
by leon on February 21, 2008
With a top adviser warning the Australian Government that climate change is developing faster and more dangerously than previously anticipated, it's worth looking at how business leaders and...
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Filed in archive Compliance
by leon on February 20, 2008
At the beginning of this month, I did a blog entry on how foreign companies are now getting caught out in the increase in Foreign Corrupt Practices Act enforcement actions brought by the Department...
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Late last year, I did a blog entry on how media mogul Rupert Murdoch was rewriting the rules of corporate governance by appointing Natalie Bancroft, a 27-year old opera singer with little experience...
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