Banking, Finance & Services
From research patents to high-stakes partnerships, Jennifer Washburn spent years researching the links between industry and the American University. In this exclusive interview with CorpWatch's Jennifer Borden, Washburn talks about what she found, why it matters and what you can do about it.
Four big scandals have come to light in as many months at big blue chip companies - Volkswagen, DaimlerChrysler, Infineon and Commerzbank. In each case, allegations of bribe taking, money-laundering and related crimes have led to the resignation of senior executives.
SAC Capital is one of the most profitable hedge funds in history with $15 billion in assets averaging 30 percent in annual profits for 20 years running. Today Wall Street is watching nervously as U.S. government lawyers work on a case against billionaire founder Steven Cohen for insider trading.
Iraqi ministries will now be able to borrow billions of dollars to buy much-needed equipment from overseas suppliers, but only by mortgaging the national oil revenues through a bank managed by JP Morgan Chase.
Nearly 440 letters, mostly complaints, have been sent to a U.S. banking regulator since Home Depot Inc. announced plans in early May to buy a home-improvement lender.
Martin Sorrell, CEO of WPP, the global ad agency, was defeated in his attempt to get shareholders to approve his $20 million (Â£13 million) a year salary. His was at least the 12th in a series of shareholder revolts against excessive compensation this spring.
The majority of the U.S. Congress took no action at all in 2014 in favor of holding corporations accountable and reining in corporate power - scoring a zero on the newly released Corporate Accountability Coalition (CAC) Congressional Report Card.
In the last two years, Robert K. Steel has been co-chairman of one commission that claimed heavy-handed regulation was stanching financial innovation and another that argued that hedge funds could police themselves.
Paul Singer, the billionaire hedge fund manager, has claimed victory in a lawsuit to force Argentina to fork out almost 17 times more than he paid to buy bonds issued by the country.
Four years after the company's ignominious collapse, Enron's former top executives are about to head to a climactic criminal trial later this month, serving as a reminder that changes in the behavior of many American companies have been more muted than many once expected.