There are 6 items today… Corporate criminals Ebbers, Fastow pay stiff price | FSA moves to crackdown on share options | Oxley: changes ahead in corporate governance law | Top execs still mainly male | Exclusive: Mark Hurd on the HP Scandal | Beware the Dreaded “Model”
Corporate criminals Ebbers, Fastow pay stiff price
Two men at the heart of corporate greed scandals in America paid the price on Tuesday, as a judge sentenced former Enron Corp. executive Andrew Fastow to prison and Bernard Ebbers, once the chief executive of highflying WorldCom Inc. began serving a 25-year sentence.
FSA moves to crackdown on share options
The move by the regulator, which follows a fierce clampdown by American securities regulators and amid threats of criminal charges by the Federal Bureau of Investigation, comes as the timing of option grants comes under renewed scrutiny in the UK.
Oxley: changes ahead in corporate governance law
Regulators are considering a move to save companies money by allowing more accounting reviews to be performed in house, instead of hiring independent auditors, he said.
Top execs still mainly male
Women may make up about half the world, but they fill less than 10% of the seats on boards of directors and executive committees at the world’s top businesses, a new study revealed on Tuesday.
Exclusive: Mark Hurd on the HP Scandal
“It’s a question about appropriateness, and we [at HP] have a different standard. We’re not trying to straddle the legal line at every turn. One of the strongest attributes of our brand is trust, so we have to make sure we’re doing things in a way we can proud [of].”
Beware the Dreaded “Model”
The model you have is wrong because sales were off by a factor of 1000. The associate who input numbers on the revenue line was thinking millions when the model was otherwise scaled to thousands…
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