We now have a full-blown cybercrime service economy that’s aimed not at stealing but at helping others to steal. And enabling online crime pays better than perpetrating it when you add up the risk of apprehension, prosecution and incarceration.
Sphere: Related ContentSEC lawsuits have a negative impact on the share price. But are some violations worse than others? Is there a difference between litigation being settled with fines and without? What happens if it’s just left pending? A study answers these questions.
Sphere: Related ContentThe big bonuses and payouts for executive might well have contributed to the subprime meltdown.
All of the CEOs who failed got paid very well. Therefore, the pay plans had very perverse incentives.
What impact do restatements have on the share price? Do investors pick up signals before the company decides to come clean? And how do companies that overstate their earnings perform before they actually come out with the truth? A study sheds light.
Sphere: Related ContentGeneral Motors Corp Vice Chairman Bob Lutz has come out swinging after his put down of global warming in a session with journalists. At that session, Lutz said global warming was a “total crock of sh*t”.
Sphere: Related ContentAn interesting Finnish study suggests that women take nearly 50% more short-term sick leave than their male counterparts. They cited physical health problems, physical work demands and work fatigue as the main reasons for calling in sick. Days taken off to care for sick children were discounted from the figures.
Sphere: Related ContentThe subprime disaster is hitting insurers hard with Fitch Ratings saying US life insurers have an estimated $7 billion to $8 billion in unrealized losses on subprime. There are several reasons why insurers will be the next big victims. And everyone will pay.
Sphere: Related ContentMove over Wesley Snipes. The Internal Revenue Service is suing Oscar-winning actor Nicholas Cage for using a Los Angeles-based company he owns to wrongly write off 3.3 million dollars in personal expenses including limos, meals, gifts, travel and jets.
Sphere: Related ContentAn interview with Brett Curran, vice president of GRC and privacy practices at compliance specialists Axentis. The interview covers the issues companies face struggling with compliance and what they need to do.
Sphere: Related ContentSociété Générale has posted a massive fourth-quarter loss after maverick trader Jérôme Kerviel blew $7.2 billion in unauthorized trades but the bank seems to doing its best not to shoulder any of the blame. It’s no-ones fault.
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