NEW YORK, Feb. 12 -- Despite a handful of light-volume bargain-hunting rallies, the markets are off to a rocky start for the year. After coming out of the blocks jazzed about an incipient economic ...
The Enron scandal in early 2001 forever changed the face of business. Enron, the once high flying energy trading company, was exposed as being little more than a slowly unraveling multi-billion dollar ...
"This is a simple case. It is not about accounting. It is about lies and choices." That's how Assistant U.S. Attorney John Hueston kicked off the trial of Enron Corp. leaders Kenneth Lay and Jeffrey ...
Jurors who endured the six-month trial of two Tyco International Ltd. executives have advice for prosecutors handling the next go-round: Keep it short. The grand larceny case against L. Dennis ...
Is corporate America falling apart? Each day brings sordid details of dirty dealings at the highest levels of what were once our most respected companies. The sleaze at Enron and Arthur Andersen ...
They were also quick to point out that unlike the cases at WorldCom and Enron, Tyco continued to thrive after the scandal. "Tyco is not Enron," Thomas Curran, a former New York City prosecutor who is ...
How bad are they? –Thoroughly rotten –Strong stench –A little fishy TYCO The company’s market cap has fallen $90 billion since January 2001 EXECUTIVE COMPENSATION [Strong stench] CEO Dennis Kozlowski, ...
It’s the cover-up, stupid! It doomed Nixon during Watergate, got Clinton impeached, inspired outrage against the Catholic Church, and apparently it’s just part of the day-to-day operations at places ...
NEW YORK -- Former Tyco CEO L. Dennis Kozlowski was sentenced Monday to up to 25 years in prison for looting the company of hundreds of millions of dollars, the climax of a case of executive greed ...
NEW YORK, Dec 5 (Reuters) - Disgraced ex-Tyco International Ltd chief executive Dennis Kozlowski, who was granted parole this week after serving an eight-year prison sentence, said simple greed had ...