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News & Updates
November 12, 2011 S.E.C. Punishes 8 Workers in Errors Tied to MadoffSource: NY Times
The Securities and Exchange Commission disciplined eight employees for missteps related to Bernard L. Madoff’s Ponzi scheme, with punishments as varied as suspensions or written reprimands, an agency spokesman said.
November 11, 2011 MBA Programs Are Failing in EthicsSource: Business Week
Business schools do a poor job of teaching students business ethics. Pro or con? Read the debate by guest columnists Michael Beer and Mary Gentile and watch the video with Bloomberg Businessweek.com reporter Joel Stonington
November 9, 2011 That’s No Way to Say Goodbye: The Business of Firing a CEOSource: Business Ethics
CEOs for all their talents are not magicians. There isn’t a wave of the wand for a quick turnaround or a potion that will drive up a stock price. Or at least there aren’t ones available so far. Short of the disguised super hero,...
November 8, 2011 Credit Suisse Told to Disclose Some U.S. Client DataSource: Bloomberg
(Corrects fifth paragraph to say that provision was for U.S. tax matters.) Credit Suisse Group AG (CSGN), Switzerland’s second-biggest bank, was ordered by the Swiss government to hand over client account information...
November 8, 2011 Japan's Olympus admits wrongdoing in accounting scandalSource: LA Times
The scandal involving Tokyo-based Olympus Corp., the long-time camera maker, is exploding like a paparazzi flash bulb on a 1950s police perp-walk. In the latest of damning admissions, company officials acknowledged Tuesday that...
November 8, 2011 MF Global paid bonuses just hours before bankruptcySource: Telegraph
Staff are understood to have received quarterly bonuses last Monday. It is not clear whether the bonuses were also received by staff in the US. The news is likely to anger those MF Global customers who have still been unable to...
November 8, 2011 MF Trustee Transfers $1.5 Billion in Customer AccountsSource: BusinessWeek
The liquidator of broker-dealer MF Global Inc. said about $1.5 billion in customer accounts has been transferred to other commodities futures merchants so far, representing about 17,000 customer positions. “The trustee and his...
November 7, 2011 Two class-action suits filed against MF GlobalSource: Today Online
NEW YORK - Two class-action lawsuits have been filed against MF Global Holdings, which filed for bankruptcy protection almost a week ago. On Saturday, Seattle-based Hagens Berman said it was "investigating whether the company...
November 7, 2011 Secret 'Watch List' Reveals Failure To Curb Toxic Air - text/audioSource: National Public Radio
The system Congress set up 21 years ago to clean up toxic air pollution still leaves many communities exposed to risky concentrations of benzene, formaldehyde, mercury and many other hazardous chemicals. Pollution violations at...
November 4, 2011 Lead regulator: MF Global actions broke ‘core foundation of customer protection’ in marketsSource: Washington Post
WASHINGTON — A regulator investigating the collapse of Jon Corzine’s securities firm, MF Global, said Thursday that the firm’s failure to separate its clients’ money from its own assets violated “the core foundation” of investor...
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