The 18-month decline in shareholder class action filings has reversed course, with 2007 federal filings projected to increase by 58 per cent compared to the previous year, And subprime is driving a lot of it.
Sphere: Related ContentA study shows that female bosses who are seen as unkind or insensitive are judged as worse managers. People, however, are prepared to overlook the same traits displayed by male managers. In other words, male and female managers are judged by different standards.
Sphere: Related ContentHere are the 10 dumbest CEO moves for 2007. Everything from the illegal to the idiotic.
Denmark’s Christmas tree growers have been charged over claims of price-fixing and running a cartel. Allegations that costs were deliberately hiked up by 25 per cent follow a police investigation.
Sphere: Related ContentBP got off too lightly with the $50 million penalty for the 2005 Texas City refinery explosion that killed 15 workers. The oil company’s rap sheet shows that it is a serial offender.
Sphere: Related ContentJeff Skilling, who was sentenced to 24 years jail for his part in the destruction of Enron, is fighting to get out of prison.
Sphere: Related ContentA study of the biggest internet retailers shows that they do nothing to protect consumer information. They track IP addresses, drop cookies into customers’ computers, compile usage information and share personal information and sell information to third-party marketers.
Sphere: Related ContentIn today’s world, there is an abundance of goods, products and services. What does unbridled consumption do to our sense of status? If the latest gear is available to more people, what do we do to get recognition and make us feel special?
Sphere: Related ContentBonuses might be down but the subprime mess has not stopped the party on Wall Street. Despite the market turmoil and investors suffering their biggest declines since 2002, year-end bonuses still climbed 14 percent and CEO salaries jumped 23 per cent.
Sphere: Related ContentBear Stearns’ annus horribilus has just got worse with Barclays Bank suing the Wall Street firm, claiming it used two hedge funds that collapsed last summer as places to unload troubled assets.
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