Talk about fearless investing! Last week, Take-Two's founder became the first executive to plead guilty in the options backdating scandal. Now he's working with authorities to ferret out other fraudsters. Last month, the maker of hyper-violent videos Talk about fearless investing! Last week, Take-Two's founder ...
Broadcom Corp. http://www.broadcom.com has filled its CFO spot, abandoned due to fallout from the communications chip giant's involvement in the industry's ongoing stock options backdating scandal http://www.edn.com/article/CA6338353.html?partner=en Broadcom Corp. http://www.broadcom.com has filled its CFO spot, abandoned due to fallout from the communications chip giant's involvement...
IT'S HARD TO BELIEVE that five years after Enron's failure as a result of fraudulent financial reporting, we're still dealing with the fallout. But as the stock-option backdating scandal suggests, corporate accounting and disclosure continue to display far more creativity and wiggle room than regulators and investors would like. Finance...
CEOs, take cover! Shareholders lawsuits are back and are on the rise. According to "Corporate Board Member" magazine, the number of lawsuits in 2007 rose to 166 compared with just 116 for 2006. Some obvious reasons are the stock backdating scandal that burst on...
An old health-insurance scandal just keeps on giving at UnitedHealth, which today settled a shareholder lawsuit over the way it backdated stock options for its former CEO Bill McGuire and other execs. The insurer will pay $895 million to resolve claims by Calpers, the giant California public-pension fund, that the...
In the latest display of the seriousness with which the federal government is taking accounting-related crimes http://www.edn.com/article/CA6338353.html within the tech industry, yet another former Brocade Communications Systems Inc. http://www.broc In the latest display of the seriousness with which the federal government is taking accounting-related crimes...
Google director Ann Mather is facing civil charges by the Securities and Exchange Commission in connection to an options backdating scandal at Pixar, where Mather used to be CFO from 1999 to 2004. In Google's filing, the company disclosed: On April 23, 2008, Ann was advised...
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