Broadcom co-founder and billionaire Henry T. Nicholas III pleaded not guilty Monday to federal drug and securities fraud charges.
Sen. Barack Obama and Sen. Hillary Clinton, rivals for the Democratic presidential nomination, focused on economic justice in speeches Friday marking the anniversary of the Rev. Martin Luther King Jr.'s assassination.
The FBI on Tuesday said it is investigating 14 companies for possible accounting fraud, insider trading or other violations in connection with risky home loans
The Supreme Court dealt a blow Tuesday to Enron investors who sued major investment banks to recover money lost when the Texas energy giant collapsed
The Supreme Court dealt a blow Tuesday to investors seeking to recover damages from alleged corporate fraud, a potentially huge liability case being closely watched by owners of stock, the business community and government regulators.
Should you put your money where your heart is? Let's say you agree with Al Gore about global warming - or, on the other hand, you feel that the biggest threat to our society is the corrosion of traditional values.
The Democratic presidential candidates had a brief moment of disagreement about U.S. business policy during Thursday's debate in Iowa - the last before that state officially kicks off the race by caucusing Jan. 3.
Fired ex-Wal-Mart marketing executive Julie Roehm and Wal-Mart have called a truce and dropped lawsuits against each other.
Clothing retailer Gap Inc. said that it will convene all of its Indian suppliers to "forcefully reiterate" its ban on child labor after children were found making Gap clothes
The former CEO of Enron Corp.'s broadband division reported to a Louisiana prison on Tuesday to serve 27 months for securities fraud related to his role in the company's 2001 collapse, his lawyer said.
Broadcom co-founder and billionaire Henry T. Nicholas III pleaded not guilty Monday to federal drug and securities fraud charges.
Sen. Barack Obama and Sen. Hillary Clinton, rivals for the Democratic presidential nomination, focused on economic justice in speeches Friday marking the anniversary of the Rev. Martin Luther King Jr.'s assassination.
The FBI on Tuesday said it is investigating 14 companies for possible accounting fraud, insider trading or other violations in connection with risky home loans
The Supreme Court dealt a blow Tuesday to Enron investors who sued major investment banks to recover money lost when the Texas energy giant collapsed
The Supreme Court dealt a blow Tuesday to investors seeking to recover damages from alleged corporate fraud, a potentially huge liability case being closely watched by owners of stock, the business community and government regulators.
Should you put your money where your heart is? Let's say you agree with Al Gore about global warming - or, on the other hand, you feel that the biggest threat to our society is the corrosion of traditional values.
The Democratic presidential candidates had a brief moment of disagreement about U.S. business policy during Thursday's debate in Iowa - the last before that state officially kicks off the race by caucusing Jan. 3.
Fired ex-Wal-Mart marketing executive Julie Roehm and Wal-Mart have called a truce and dropped lawsuits against each other.
Clothing retailer Gap Inc. said that it will convene all of its Indian suppliers to "forcefully reiterate" its ban on child labor after children were found making Gap clothes
The former CEO of Enron Corp.'s broadband division reported to a Louisiana prison on Tuesday to serve 27 months for securities fraud related to his role in the company's 2001 collapse, his lawyer said.
Name: Kiley Harris School: West Virginia Year: Senior Age: 21 Major: Sport Management Internship: Adrenaline internship program, Nike Headquarters (paid and for college credit) Hours: 8-5, M-F, until August 3
Why would Al Gore, America's best-known environmentalist and a member of the board of directors of Apple, oppose shareholder resolutions that ask the computer maker to become more green?
Uneasy rests the head that wears a halo, it seems. Consider the recent struggles of socially responsible mutual funds, which usually seek out companies with progressive labor practices and product lines that don't pollute or kill.
Modest growth might have been acceptable a few years ago in the wake of the dotcom crash, but in today's competitive climate, slow and steady just doesn't cut it. Midsize companies are squeezed bet...
People who invest in socially responsible mutual funds have been paying for their principles. Such funds tend to avoid energy and mining companies - and those have been two of the market's hottest ...
Class-action lawsuits filed over securities fraud reached an all-time low in 2006, according to a Stanford Law School report.
Apple Computer disclosed in a regulatory filing Friday that Chief Executive Officer Steve Jobs was aware that some stock options granted to him and other executives at Apple between 1997 and 2002 were backdated and that the company was restating financial results for the past few years as a result of the backdating.
About one in every ten dollars of assets under management in the U.S. - an estimated $2.3 trillion out of $24 trillion - is being invested in companies that rate highly on some measure of social re...
More criminal indictments will come down the pike as corporate America struggles with the ever-growing stock options backdating scandal, according to an assistant director at the FBI.
Two more CEOs hit by the scandal over stock options stepped down Wednesday, highlighting the risk to companies - and investors - stung by the backdating bullet.
As corporate scandals continue to mount on Wall Street, Berkshire Hathaway Chairman Warren Buffett has a message for the company's top managers: Don't give in to peer pressure.
Ex-WorldCom CEO Bernard Ebbers will report to a federal prison Tuesday to begin his 25-year sentence for his role in an $11 billion accounting fraud.
The widespread options backdating scandal is gaining new momentum after the Department of Justice charged executives from Comverse Technology with securities fraud for profiting from manipulated stock options.
The Internal Revenue Service is the latest agency to look at stock option practices at a growing number of companies, according to a published report.
In a world full of vice and guilty pleasure, investors can rest assured that when it comes to their investments, at least there's one area in their lives where having a conscience can produce hefty returns.
The light at the end of the tunnel continues to be elusive for Enron founder Kenneth Lay who could find himself spending life in prison even if he is acquitted by a jury for allegations that he helped bring about Enron's collapse.
The judge in the Enron case dismissed three counts against former Enron CEO Jeffrey Skilling and one count against founder Kenneth Lay as the government rested its case against the two former executives Tuesday morning.
Wanted: Corporate executive to serve as a point person on business ethics at the world's largest retailer. Law degree a plus, spotless reputation a must. Some travel required. Candidate must also not mind living in northwest Arkansas.
What's a socially responsible company? It is a company that serves. It serves its customers by selling something of value, its workers by providing good jobs, its owners by generating profits and all of us by making the world a better place.
In a third day of cross-examination, Daniel Petrocelli, attorney for former Enron CEO Jeff Skilling, continued grilling Enron's ex-chief of investor relations-turned-government witness Mark Koenig in an attempt to discredit him.
Former Enron accounting chief Richard Causey's guilty plea to securities fraud Wednesday for his role in the financial scandal that drove the energy company into bankruptcy in 2001 is being hailed as a big win for the government in their case against former top executives at Enron.
The rise and fall of Richard Scrushy, the founder and former CEO of HealthSouth Corp., may be coming to the big screen, according to the New York Times Monday.
Lawyers for convicted former WorldCom CEO Bernard Ebbers are basing their appeal on claims that they were unfairly denied the opportunity to question the company's former No. 2 executive during his trial, according to a published report.
Former WorldCom accountant Betty Vinson was sentenced Friday morning to five months in prison and five months house arrest for her part in WorldCom's $11 billion accounting fraud.
Time Warner Inc. and its auditor have reached a $2.5 billion settlement to securities fraud litigation, according to statements Wednesday from the world's largest media company and the lead attorney for the plaintiff.
Bernard Ebbers, the once-celebrated WorldCom chief who faces life behind bars, is baffled by his current predicament.
Richard Scrushy, the founder and former CEO of HealthSouth Corp., was found not guilty Tuesday on all charges in the $2.7 billion accounting fraud at the hospital chain.
In a major victory in the government crackdown on corporate corruption, former Tyco CEO Dennis Kozlowski and ex-CFO Mark Swartz were found guilty Friday of stealing hundreds of millions of dollars from the manufacturing conglomerate.
A federal judge dismissed two of the counts against former HealthSouth CEO Richard Scrushy in an Alabama courtroom Thursday, but the defendant still faces 36 more in the accounting fraud trial, The New York Times reported.
The Securities and Exchange Commission has notified a former executive of the General Re Corp. that it plans to file civil fraud charges against her as part of its probe of the insurance industry, according to published reports Tuesday.
J.P. Morgan Chase & Co. said Wednesday it would pay $2 billion to settle an investor lawsuit brought after an $11 billion accounting scandal forced WorldCom Inc. to declare the largest bankruptcy in U.S. history.
Bernard Ebbers, the former CEO of WorldCom, was found guilty Tuesday for his role in the huge accounting scandal that led to the largest bankruptcy in U.S. history.
A grand jury indicted former HealthSouth Corp. chief operating officer James Bennett for 39 criminal counts, mostly for insider trading, related to the $2.64 billion accounting scandal that wrecked the once-mighty chain of health-care clinics.
The better stocks perform, the fewer disgruntled investors there are suing companies over falling stock prices, right?
A few weeks ago, Jeffrey R. Immelt, the chairman and chief executive officer of the world's most valuable and most admired company, stood before General Electric's 200 corporate officers and said i...
The former chief executive officer of Computer Associates was indicted by a federal grand jury in New York Wednesday for allegedly participating in a massive fraud conspiracy and an elaborate cover up of a scheme that cost investors hundreds of millions of dollars.
Adelphia founder John Rigas was found guilty of conspiracy, securities fraud and bank fraud Thursday -- the most serious charges he faced over concealing $2.3 billion in loans and stealing more than $100 million from the now-bankrupt cable company.
Scott Sullivan, the former chief financial officer of WorldCom, has pleaded guilty to one count of conspiracy to commit securities fraud, according to the office of Mississippi Attorney General Jim Hood.
Ex-WorldCom CEO Bernard Ebbers was charged with securities fraud Tuesday for his role in the nation's biggest accounting scandal, while his former chief financial officer pleaded guilty and agreed to cooperate with prosecutors.
At the moment attorneys for former Enron executive Jeffrey Skilling in Houston were blasting federal prosecutors for indicting Skilling on conspiracy and fraud charges, top federal law enforcement officials in Washington issued a joint written statement lauding their actions.
Ex-Enron CEO Jeffrey Skilling was charged with fraud and insider trading Thursday, making him the highest ranking former executive charged in the collapse of the once-mighty energy company.
The Martha Stewart trial is set to resume Tuesday as an FBI agent returns to the witness stand. The government is expected to rest its case against the home decor expert and her former broker later in the week.
Whatever the nation's CEOs may think of Martha Stewart, currently on trial in Manhattan for federal securities fraud and obstructing a government investigation, they ought to be praying she beats t...
Former Enron Corp. accounting chief Richard Causey surrendered to authorities Thursday and pleaded not guilty to charges of securities fraud and conspiracy to commit securities fraud.
Martha Stewart receives thousands of supportive e-mails these days. Convicted financier Michael Milken now has a high school named after him. And Oracle CEO Larry Ellison--whose company allegedly f...
Unless you are a voracious reader of the news, it was a story you may well have missed. On an otherwise quiet Friday the 13th in June, the Wall Street Journal reported in its B section that the Sec...
Paul Tebo is no one's idea of a revolutionary. A mild-mannered, gray-haired, 59-year-old chemical engineer, he has worked at DuPont for 35 years. He used to run the firm's $3-billion-a-year petroch...
Investing ethically is hardly a new concept--for thousands of years Jewish law has dictated that all business investment should support the entire community--but only in the past few decades has th...
Still slightly obsessed with 2002's corporate scandals? Same here. So we asked Christopher Bebel, an ex-SEC prosecutor and a securities lawyer at Houston firm Shepherd Smith & Bebel, for his 2003 l...
$500 Annual corporate membership dues for the Greater Houston Business Ethics Roundtable
Exciting developments came from the world of marketing this month with the introduction of an intriguing new product designed to repair the reputation of American business. It's called Corporate Re...
The sharp slide in U.S. stock prices over the past couple of months, we've been told over and over again, is due to a crisis of confidence in American corporate governance and accounting. By the ti...
To most investors, news of an SEC investigation is the ultimate sell signal. Not to Chuck Papageorgiou. The 39-year-old Atlanta consultant is one of an admittedly small number of investors who have...
Back in the 1980s, real investors used to snigger at socially responsible investing (SRI). Who were those do-gooders kidding? Gunmakers, tobacco companies, and environment despoilers wouldn't miss ...
In a huge office with a marble-topped bar and a perfect view of San Diego Harbor, paunchy, red-faced, Brillo-topped Bill Lerach--wearing a pitted-out green shirt, khaki slacks, white socks, and Top...
Federal prosecutors got closer to unraveling the landmark book-cooking scandal at Cendant recently, after three former top accounting executives pleaded guilty to federal fraud charges. Now they're...
Back when greed was good, in the 1980s, a lot of rapacious capitalists got together and decided it was okay to do some bad things, like selling junk bonds to each other and doing insider trading an...
Someplace right now, in the layers of a FORTUNE 500 company, An employee--probably high up and probably helped by people who work for him--is perpetrating an accounting fraud. Down the road that cr...
People who once refused to soil their portfolios with General Electric, a known collaborator with the Defense Department, are now crowding into mutual funds that are not contaminated with GE, Exxon...
You've heard it so often that it must be true: Greedy corporations are screwing employees--squeezing down wages while pumping up profits to record levels. Indeed, "corporate greed" has been so wide...
A WOODEN STAKE
LIKE tuberculosis and measles, child labor is making a comeback in the U.S. From New York to California, employers are breaking the law by hiring children of 7 to 17 who put in long, hard hours and...
BY THE TENS OF THOUSANDS, AMERICANS ARE REFUSING TO COMPROMISE their social and political principles in the quest for investment profits. As a result, so- called socially responsible investing -- i...
Disciples of socially responsible investing have long contended that you don't have to settle for second-rate returns if you put your money in a so-called ethical mutual fund to keep your conscienc...
To 17th-century Puritans, business success was a sign of God's grace -- tangible evidence that they were headed for heaven. For nearly 20 years, Anthony Brown, a taciturn fourth-generation New Engl...
''I'm not a nuts-and-berries kind of guy,'' observes John Baldwin, sounding more like a consummate consumer than a rabid environmentalist as he devours a vanilla ice cream cone at the local McDonal...
We have two little cavils about the Business Enterprise Trust, launched late in May by a dozen and a half thinkers about business, many of them actual practitioners. The group includes Warren Buffe...
Outraged Alaskan citizens have made a T-shirt denouncing Exxon's TANKER FROM HELL a best-selling souvenir. And that's the least of it. In the weeks after the worst U.S. oil spill covered an area bi...
One of these days a Congressman will stand in the well of the House and utter the truth about sweatshops, but no way does this person figure to come from the tenth district of New York. The tenth, ...
Forward Indicators Dept.: Looking for a sure sign that corporate America has regained its composure after the unpleasantness in the financial markets? Just watch for a revival of talk about ethics ...
Given the number of pastors and bishops who have taken up the cudgels against capitalism, it would be interesting to discover where they acquired their economic wisdom. No better place, one suppose...
Ethical investing, chortled at by free-marketeers and efficient market maestros who argue it's like boxing with one hand tied behind your back, has turned out to be a real contender. Newsletters, p...
Having thought deeply about the issue for, oh, four seconds, we have no trouble sensing the broad appeal of socially responsible investing. Spiritual redemption and capital appreciation -- friends,...
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