From the executive summary: ‘Unlike the recent accounting scandals, which brought the world images of CFOs being led away in handcuffs, finance chiefs have not played a role in the mutual-fund scandals.’ In the wake of several corporate scandals, a need was felt for streamlining the corporate governance and accounting...
This article focuses on recent revelations about late trading and market timing in mutual funds at Bank of America and other fund complexes come on the heels of earlier incidents involving sales incentives for brokers to push in-house funds and some companies’ failure to credit investors with volume discounts on...
The article says that it has been found that US mutual funds have allowed illegal trading in their units, disadvantaging ordinary investors. A year after the equity analysis scandal was settled, this is the latest abuse of the US financial system to be identified by Eliot Spitzer. It further says...
The article tries to find what is behind another year of corporate scandals. One can get a sense of the breadth of the scandals that have tarnished Wall Street and corporations across America in the last few years by recounting just some of the people who have pleaded guilty, resigned...
Recent corporate scandals necessitated the formulation and passage of the Sarbanes-Oxley Act of 2002. The same seeks to redefine and streamline corporate accounting practices and Corporate Governance frameworks in organizations. The paper examines the different entities that are affected by the Act. The ways in which the impact takes place...
Russia has emerged as a new capitalistic country with a prior history of corruption under the state controlled regime. Will word of corruption in America stop efforts for an ethical business climate in the new Russia? Has the Enron scandal affected Russian views of business? In pursuit of the answer,...
INDIANAPOLIS AP -- Fearing a postseason ban, Indiana University accepted an NCAA-ordered three years' probation with relief Tuesday, eager to continue rebuilding its once-storied men's basketball program. After months of uncertainty over an embarrassing telephone recruiting scandal, the NCAA spared the school any additional punishment such as...
DAVID Suchet declared an "unbelievable night for the Brits" as they monopolised the International Emmys in New York, picking up seven of the 10 awards on offer. The 62-year-old Briton took home the best actor Emmy for his portrayal of Robert Maxwell in the biography series Maxwell, about...
Change to what? Barack Obama ran on a slogan of "Change." Well, he starts with appointing as chief of staff Rep. Rahm Emanuel, the most partisan Democrat in the Congress. Now, according The New York Times, Obama is appointing "dozens of former lobbyists" to...
Byline: CRAIG WHITTAKER WE have all seen the significant press coverage surrounding the Government's multi-billion bail-out of banks. However, I have been contacted by a number of people who have been severely hit by another financial scandal, for which the Government has been found entirely negligent yet has...
ONE of Scotland's most senior sheriffs has been forced to quit after accusations that he visited an Edinburgh sauna. Andrew Lothian, who was on the bench almost 30 years, stepped down from his GBP126,400-a-year post with immediate effect on Friday. Lothian, 65, was a...
SIR Alex Ferguson will be entertained by a harem of Egyptian belly dancers at a lavish Christmas party... despite banning his players from holding their own festive knees-up. The Manchester United boss has ordered his stars NOT to hold a Christmas bash after last year's ended...
SIR Alex Ferguson will be entertained by a harem of Egyptian belly dancers at a lavish Christmas party... despite banning his players from holding their own festive knees-up. The Manchester United boss has ordered his stars NOT to hold a Christmas bash after last year's ended...
SIR Alex Ferguson will be entertained by a harem of Egyptian belly dancers at a lavish Christmas party... despite banning his players from holding their own festive knees- up. The Manchester United boss has ordered his stars NOT to hold a Christmas...
LADY WORSLEY'S WHIM by Hallie Rubenhold Chatto, £25, pp. 308, ISBN 9780701179809 £20 (plus £2.45 p&p) 0870 429 6655 There is a magnificent portrait by Reynolds at Harewood House in Yorkshire of Lady Worsley. She wears a sweeping red riding habit, she looks self-assured and alert, and she...
People power, as it pertains to television anyway, is proving to be a tricky beast. This week, or so we are told, the entire nation has gone into convulsions, because John Sergeant, the veteran political broadcaster, bowed out of Strictly Come Dancing, fearing that he might win. ...
Outlook Have you ever tried controlling a gang of naughty toddlers intent on going their own way whatever the threatened punishment? Then you probably have some inkling of how Alistair Darling feels about Britain's biggest banks right now. They've had some delicious lollipops in the form...
JONATHAN Ross is set to keep his job as a BBC presenter, despite the Andrew Sachs obscene phone calls scandal, after the corporation's governing body today said the "right action" had been taken against him. The BBC Trust, which published its report on the controversy today, said the...
A PANEL set up after a report found "maladministration" in a council's handling of a sheltered housing scandal said it must not happen again. Two pensioners living in the Curran House sheltered housing complex in Jarrow said they were intimidated, harassed and humiliated by the warden and residents...
WASHINGTON -- President-elect Barack Obama's likely pick for Homeland Security secretary, Arizona Gov. Janet Napolitano, is no stranger to headline-making Washington scandals and controversies. Napolitano was a U.S. attorney in Phoenix, appointed by former President Bill Clinton, when the Justice Department decided against prosecuting Arizona Republican Sen....
Articles 2008-11-21
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