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News & Updates
September 13, 2011 Pay scandal shakes nonprofit's boardSource: Crains New York
The board of Young Adult Institute has outlined remedial action in the aftermath of an uproar over near-$1 million pay packages for its former CEO and other top executives. With its generous compensation structure in the eye of...
September 13, 2011 CalPERS officials who received gifts may face finesSource: LA Times
Board members and officers of the long-troubled California Public Employees' Retirement System, the nation's largest pension fund, could be fined thousands of dollars for not properly reporting gifts received from investment...
September 7, 2011 .Corporate Governance Matters: Lessons for PractitionersSource: Business Ethics
Brian Tayan and I recently co-authored a book, titled Corporate Governance Matters, which takes an organizational perspective, rather than a legal perspective, on the important topic of modern corporate governance. Our purpose is...
September 2, 2011 U.S. Is Set to Sue a Dozen Big Banks Over MortgagesSource: NY Times
The federal agency that oversees the mortgage giants Fannie Mae and Freddie Mac is set to file suits against more than a dozen big banks, accusing them of misrepresenting the quality of mortgage securities they assembled and sold...
Source: Business Ethics Magazine
Violations and cover-ups in college athletics investigated by the National Collegiate Athletic Association (NCAA) are beginning to rival the headlines that the Securities and Exchange Commission (SEC) receives for investigations...
August 31, 2011 SEC Recovers CFO's Bonus and Stock Sale Profits Received During Beazer Homes Accounting FraudSource: SEC
Washington, D.C.– The Securities and Exchange Commission today announced a settlement with the former chief financial officer of Beazer Homes USA to recover his bonus compensation and stock sale profits from the period when the...
August 26, 2011 Chasing Madoff!Source: Washington Post
There is more than one alarming injustice in "Chasing Madoff," the documentary about a whistleblower everyone ignored, to the detriment of retirement funds worldwide. Director Jeff Prosserman's retelling borders on reprehensible,...
August 25, 2011 Google forfeits $500 million for running illegal pharmacy adsSource: TG Daily
Google's agreed to pay out $500 million to settle claims that it profited from ads for illegal Canadian pharmacies. It's one of the biggest financial forfeiture penalties ever.
August 23, 2011 Class muddles India's anti-graft pushSource: Asia Times
Among the flaws of the social activist Anna Hazare's anti-corruption movement challenging India's central government, one that stands out is that this is merely an urban middle class phenomenon.
August 18, 2011 Crisis? What Crisis? : Finding the New NormalSource: Sustainable Business Forum
In the latest edition of ‘Business Ethics’ we referred to the events of 2008 (Lehman, AIG, RBS etc.) as the ‘financial crisis of the late 2000s’. Well, at the time we did not expect this to be useful for the reasons it now makes...
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