How many perpetrators does it take to carry out a corporate fraud? An average of seven, according to a new study from the Institute for Fraud Prevention. The includes CEOs, CFOs, auditors, directors and general counsel.
Sphere: Related ContentThe prospect of US companies following a single global accounting standard seems to be moving closer with Financial Accounting Standards Board chairman Robert Herz he expects the time is coming when US companies will be made to follow one set of rules. But the debate continues.
Sphere: Related ContentDrugs giant Bristol-Meyers Squibb and a former subsidiary have been forced to pay more than half a billion dollars to settle settle federal and state investigations for promoting an anti-psychotic drug, Ablify, for uses that were not approved by the US Food and Drug Administration and providing illegal inducements to doctors and other health care providers.
Sphere: Related ContentDrugs giant Bristol-Meyers Squibb and a former subsidiary have been forced to pay more than half a billion dollars to settle settle federal and state investigations for promoting an anti-psychotic drug, Ablify, for uses that were not approved by the US Food and Drug Administration and providing illegal inducements to doctors and other health care providers.
Sphere: Related ContentIs this a new trend pointing to the future or just a fad? Some companies are touting their green credentials to try and attract quality staff.
Sphere: Related ContentRaising his profile and flirting with the idea of a presidential bid, New York Mayor Michael Bloomberg has just received unwanted publicity with news that the company he founded is being sued by the Equal Employment Opportunity Commission for discriminating against pregnant women.
Sphere: Related ContentCorporate apologies are coming in thick and fast. The list includes Mattel saying sorry for the lead paint found in toys and Apple’s Steve Jobs apologizing to iPhone early adopters. But do apologies work? When should CEOs apologize and when should they keep shtum?
Sphere: Related ContentHe might be looking at a lengthy spell behind bars but Conrad Black’s self-belief remains unshakeable. With his sentencing coming up in late November, Black resumed his column in the newspaper he created, claiming that he will triumph and vanquish his enemies.
Sphere: Related ContentAre bosses getting worse, or are people just thin-skinned?
Profits around the world are on the increase but a Bank for International Settlements study finds it has nothing to do with labor market deregulation. Profits were higher in places where there was more labor market regulation.
Sphere: Related ContentYou are currently browsing the SoxFirst’s NewsCloud Journal weblog archives for September, 2007.
