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Sullivan given 5-year term in WorldCom case
Sun StaffIf putting WorldCom Inc.'s head honcho Bernard J. Ebbers in prison for perhaps the rest of his life sends a message to Corporate America to clean up its act, legal experts say the lighter sentence handed down yesterday to his right-hand man, Scott...Tags: Columbia University, WorldCom Incorporated, Court Preliminary, Fraud, Judges
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Side deals raise ethical issues
Sun StaffExecutives and board members at some of Maryland's most profitable companies have lucrative side arrangements with the companies they run and oversee. Edwin F. Hale Sr., the chairman, chief executive and largest stockholder at First Mariner Bancorp,...Tags: WorldCom Incorporated, Fraud, First Mariner Bancorp, Public Relations, Contracts
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Jobless recovery is good for many firms
Times Staff WriterThe economy roared last quarter, and so did Falcon Plastics Inc. A family owned firm in the eastern South Dakota city of Brookings, Falcon posted record sales in September. Yet there's no impulse to celebrate, no rush to hire. The bad times are still too...Tags: Consumer Confidence, Labor Markets, Challenger, Gray & Christmas Inc., Sacramento, Employers
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Ex-ImClone CEO: A very social scientist
Associated PressIt was quite a party: Celebrity guests like Martha Stewart and Mick Jagger mingled with business tycoons around bowls of caviar in an art-adorned Soho loft. Some guests saw the December affair as emblematic of the host's generosity, and that it reflected...Tags: The Ohio State University, Colleges and Universities, Mick Jagger, Cancer, Revlon Incorporated
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A WorldCom primer
Associated PressWhile employees and investors felt the most immediate impact of corporate scandals at Enron Corp. and Tyco International Ltd., the debacle at WorldCom Inc. involves a company that deals directly with millions of Americans every day. Some questions and...Tags: WorldCom Incorporated, Financially Distressed Companies, Marketing, Bankruptcy, Companies and Corporations
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Bush says U.S. to investigate WorldCom
Associated PressPresident Bush on Wednesday called reports that WorldCom Inc. disguised $3.9 billion in expenses "outrageous" and said the government "will fully investigate and hold people accountable." Bush said he feared a pending bankruptcy would hurt "not only...Tags: WorldCom Incorporated, Stock Market, AT&T Corp., Tony Blair, Bankruptcy
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Ex-ImClone CEO pleads guilty
The Associated PressSamuel D. Waksal, the jet-setting scientist and entrepreneur who founded ImClone Systems Inc., pleaded guilty Tuesday to bank and securities fraud in a mushrooming scandal that also threatens his friend and investor, Martha Stewart. Waksal, 55, became...Tags: Martha Stewart Living Omnimedia Inc., WorldCom Incorporated, Court Preliminary, Fraud, Stock Market
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AOL Time Warner probe tests nerves
Times Staff WritersIn 1997, a young law student named Gregory Todd Lawrence concluded in a 35,000-word analysis that faulty legwork by a state court had plunged a Maryland insurance case into the "dreaded Serbonian bog." The poetic flourish, immortalized in Milton's...Tags: Time Warner Inc., Fraud, Cendant Corporation, Ivy League, Trials
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Let the bidding begin
Special to The SunI consider myself a fairly fearless traveler. I've eaten things indigenous that were inedible (goat stomach, anyone?), hitched rides from people whose language I didn't speak, and bartered the shirt off my back for a souvenir. Until recently, though, I'd...Tags: Milton Avery, History, Hospitals and Clinics, Music Theater, Photography
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Is Martha Stewart case all that?
The Associated PressThis isn't about getting sympathy for Martha Stewart. If she is found guilty of insider trading, she deserves to be punished. That said, it's still somewhat perplexing how big this scandal has become in the public eye, even with larger instances of...Tags: WorldCom Incorporated, NYSE, Stock Market, Insider Trading, Stock Broking
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Corporate America's tarnished image
Chicago Tribune Staff WriterIt was an incredible year of news in American business--for all the wrong reasons. Scandals and shenanigans dominated the headlines. The venerable Andersen accounting firm, a Chicago business institution for 89 years, disintegrated after it was...Tags: Martha Stewart Living Omnimedia Inc., WorldCom Incorporated, Salads, Boeing Co., Fraud
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Stock decline hits college savings funds
Associated PressThe stock market's long slide has had a punishing effect on the Buchanan family college fund. After years of gains, the investment portfolio that Buck Buchanan had hoped would put his seven children through school is losing value fast. "You know, a year...Tags: College Park (Prince George's, Maryland), Retirement, Children, Colleges and Universities, Stock Market
Aug 12, 2005
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May 15, 2005
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Dec 1, 2003
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Jun 27, 2002
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Jun 26, 2002
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Jun 26, 2002
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Oct 15, 2002
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Jul 3, 2003
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Sep 29, 2002
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Oct 29, 2002
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Dec 31, 2002
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Aug 8, 2002
|Story| Associated Press
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