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Even as Siemens has reported buoyant financial results - thanks in part to Kleinfeld's overhaul of its operations - it has been hit with a fast-expanding corruption scandal that threatens to sink its reputation.
Human Rights Watch Report: Rivers State, Nigeria Local Governments Squander Oil Revenues Instead of Funding Health, Education
Benon Sevan, the administrator who was in charge of overseeing the United Nation's oil-for-food programme for Iraq, was indicted on Tuesday on federal charges of bribery and conspiracy to commit wire fraud, as part of a growing attempt by prosecutors to hold UN employees accountable to US laws.
Five Siemens executives have been arrested in raids at Siemens offices across Germany this week. Prosecutors are investigating charges of embezzlement and bribery at the company.
Former Enron CEO Jeff Skilling was sentenced today to 24 years in prison for his role in the energy company's 2001 collapse in what has become one of the nation's biggest corporate scandals.
Thomas Frank explains how fundamentaliust conservative ideology doesn't just breed corruption, it is corruption.
In the lexicon of American business, "cynicism" means doubt about the benevolence of market forces, and it is a vice of special destructiveness. Those who live or work in Washington, however, know another variant of cynicism, a fruitful one, a munificent one, a cynicism that is, in fact, the health of the conservative state. The object of this form of cynicism is "government," whose helpful or liberating possibilities are to be derided whenever the opportunity presents.
As the Earth Summit closes in Johannesburg, we present this requiem for sustainable development. However, resistance to the big business agenda is alive and well in the streets.
The Serious Fraud Office today announced an investigation into whether Southern Water deliberately misled the water regulator, Ofwat, about its failure to meet customer service standards.
Thames Water could face a fine of up to £140m for failing to provide a good service to its eight million customers in the south-east of England.
Kenneth Lay's sudden death could prove to be an unexpected legal bequest to Jeffrey Skilling, his co-defendant in the landmark Enron Corp. fraud case.