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A Milan judge sentenced 10 former Parmalat executives and a lawyer to jail on Tuesday in the first guilty ruling over the 14-billion-euro (9.3-billion-pound) collapse of Italy's biggest listed food group.
The American International Group has hired Arthur Levitt, a former Securities and Exchange Commission chairman, as a consultant to the board in an effort to quell dissent from institutional investors.
In time for this month's World Summit on Sustainable Development (WSSD), environmental justice and human rights NGO groundWork today launches a series of five booklets entitled South African People and Environments in the Global Market. Today, we also release the full agenda for the Corporate Accountability Week taking place from the 20th - 23rd August in Sandton.
Bernard J. Ebbers, the founder and former chief executive of World Com who was found guilty of fraud by a New York jury in March, agreed yesterday to surrender nearly all of his personal fortune - about $40 million - to investors who lost billions when the company spiraled into bankruptcy almost three years ago.
Bernard J. Ebbers, the founder and former chief executive of World Com who was found guilty of fraud by a New York jury in March, agreed yesterday to surrender nearly all of his personal fortune - about $40 million - to investors who lost billions when the company spiraled into bankruptcy almost three years ago.
J. P. Morgan Chase announced that it had agreed to pay $2.2 billion to Enron investors who accused the bank of participating in the accounting scandal that led to Enron's collapse.
A Russian court convicted Mikhail B. Khodorkovsky,
the embattled tycoon and founder of the Yukos oil company, of criminal
charges today and sentenced him to nine years in a prison camp,
bringing to an end the most closely watched trial in Russia since the
Soviet Union collapsed.
The verdict and the sentence concluded a lengthy legal exercise whose ending long ago felt foregone.
A report form the Center for American Progress details how Corporate CEOs have enjoyed record levels of compensation and corporations have seen record profits, as more and more middle-class Americans are experiencing stagnant wages and vanishing benefits.
This week, a Moscow court will issue a verdict in the tax fraud trial of billionaire Mikhail Khodorkovsky. While some critics argue that the charges are politically motivated, others question his innocence in the eyes of the West.
A new breed of leadership is working to make Buenos Aires, Argentina, a local, transparent economy and a model for the rest of the world.
South Africa's giant electric company is a major polluter and leads the way in utility privatization. It also wants us to believe that it is a leader in sustainable development.