Asbestos scandal forces Hardie CEO, CFO to step down
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SYDNEY: The top two executives of James Hardie Industries NV stepped down today, a week after a government inquiry found the company broke the law and lied to thousands of asbestos victims and financial markets.
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Riggs has replaced Joseph M. Cahill as part the ongoing fallout from a recent internal investigation into failures to abide by federal laws designed to prevent money laundering.
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Shares in James Hardie Industries NV rallied on news that two key executives will stand aside, rather than resign, over the company&#39;s underfunding of asbestos compensation.
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SYDNEY: Directors of a compensation fund for asbestos victims set up by embattled building products group James Hardie Industries said it could run out of money by April and be forced to close down.
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The chairman of a foundation hospital trust that has run up debts of Â£11.3m has been told to step down.
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SYDNEY: Australian building products firm James Hardie Industries NV may face criminal charges after a government inquiry found it broke the law by saying it had enough money in a fund to compensate thousands of asbestos victims.
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Enron Corp. ENRNQ.PK said Friday  Chief Financial Officer Raymond Brown resigned and will be  replaced on an interim basis by Robert Bingham.
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JAMES Hardie executives face criminal charges over the company&#39;s 2001 move to the Netherlands after a government commission found the building company underprovided a fund for asbestos victims by up to $2 billion.
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Two top executives at building products group James Hardie Industries NV have resigned in the wake of a scandal about the company&#39;s treatment of thousands of people poisoned by asbestos that it made.
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The man who became Enron Corporationâs chief financial officer only a month after the energy giant declared bankruptcy has resigned.
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Building products giant James Hardie on Monday announced a 9 percent decline in half-year net profits through September and lowered its full-year profit forecast, citing costs linked to an asbestos claims case.
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U.S. mortgage finance giant Fannie Mae  confirmed late on Tuesday that embattled Chief Executive Franklin Raines and Chief Financial Officer Timothy Howard were stepping down after accounting errors that are expected to force a massive earnings restatement.
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WASHINGTON  - US mortgage finance giant Fannie Mae announced the retirement of its chief executive officer Franklin Raines and the resignation of its chief financial officer Timothy Howard, in the wake of accounting errors that will force a massive
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Former CEO quits on heels of bad quarterly loss.
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It's the second time this year the disk drive maker has seen its CFO resign.
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COLLEGE PARK, Md. -- Mall developer The Mills Corp., which is under investigation for accounting problems, said Monday that its longtime chief executive officer retired over the weekend, becoming the second high-ranking executive to leave in recent months.
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Stephen Richards will retire from his positions as chief operating officer and chief financial officer.