Bribery, Fraud & Tax Evasion
The chairman and chief executive of the struggling energy company Dynegy, whose departure was announced on Tuesday, is entitled under his contract to a huge severance check -- one that is about $33 million more than he would have made had the company allowed him to serve out the eight months remaining on the contract.
Has the avalanche of corporate revelations left your head spinning? Investigative journalist Stephen Pizzo offers a cheat sheet to scandals plaguing the White House.
G. Philip Stephenson does not cut the figure of an Eastern European oil baron, clashing with formerly communist security officials over the legality of his budding empire.
They're often portrayed as obstructionists to trade and the global economy. But the social movement that mobilized thousands in Quebec last month -- and earlier in Seattle and Prague -- is maturing beyond street protests.
Entergy, one of the largest utilities in the U.S., has enjoyed healthy profits since Hurricane Katrina. Yet its New Orleans subsidiary has filed for bankruptcy, and frightened ratepayers with visions of bills bloated to 140% of their pre-storm size. Now the Fortune 500 company is threatening to pull the plug on New Orleans if it doesn't get a $700 million-plus federal bailout it doesn't actually need.
Alstom, a French engineering company, has been accused of bribing Indonesian officials to win a lucrative contract to build coal power plans in Sumatra. Frederic Pierucci, a French employee of the company, was arrested and David Rothschild, a U.S. employee, has pled guilty.
State securities officials have charged units of Dutch financial services giant ING Groep NV with taking undisclosed payments for promoting poor investments to state employees in their individual retirement plans.
The Commodity Futures Trading Commission fined a top oil trader at Royal Dutch Shell PLC and one of the energy titan's trading subsidiaries a combined $300,000 for a series of bogus oil-futures trades on the New York Mercantile Exchange.
The controversial multibillion-dollar deal with oil services giant Halliburton to provide logistical support to U.S. troops in Iraq has been canceled. What should happen next? Read our three alternative annual reports on Halliburton, to learn the real legacy of the company's incompetence and corruption.Listen to an interview with CorpWatch's director, Pratap Chatterjee.