Former WorldCom Directors Pay $18M
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Ten former WorldCom directors will personally pay $18 million to compensate for investor losses from an accounting scandal that caused one of the largest bankruptcies in U.S. history.
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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.
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Lawyers for former WorldCom  Chief  Executive Bernard Ebbers are seeking immunity for two witnesses  who they believe could clear their client of fraud charges  related to the company's $11 billion accounting scandal,  according to court papers filed on Wednesday.
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Ex-CEO of WorldCom set to start 25-year prison sentence
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Former WorldCom CEO Bernard J. Ebbers has been charged with conspiracy, securities fraud and making false regulatory filings in connection with a US$11 billion accounting fraud at the company, the largest in US history.
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Guidant Corp. executives, and to a lesser extent its directors, stand to reap a collective windfall of more than $560 million in any sale of the company.
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Directors of the UK's top firms have now amassed pensions worth Â£891m, according to the TUC.
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Hollywood directors reached a new three-year pay deal with the main producer's organisation, upping pressure on the striking Writers Guild of America (WGA) to end its 11-week strike
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Qwest executives made hundreds of millions of dollars by selling their shares while the company made what the Securities and Exchange Commission on Thursday
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Potential jurors for the trial of former WorldCom Inc. chief Bernard Ebbers were asked Wednesday whether they had financial ties to the company and what they had read in the media about the case.
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Two former executives of Computer Associates International, who have pleaded guilty to conspiracy to commit securities fraud, have agreed to pay a total $387,470 to settle related civil charges in a multibillion-dollar accounting scandal at the big
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A federal judge has not yet approved the deal announced this month under which 10 former WorldCom directors agreed to pay 20 percent of their combined net worth -- around $18 million -- to settle their part of the shareholder lawsuit.
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The role of the executive assistant has drawn scrutiny after the disclosure that the former New York Stock Exchange chairman's assistant was paid $240,000 a year.
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Time Warner, the world&#39;s largest media-entertainment company, says it has agreed to pay a total of $US510 million ($668 million) to resolve federal probes into accounting irregularities at its America Online (AOL) units.
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Ten former directors of WorldCom Inc.  have agreed to pay $54 million, including $18 million from  their own pockets, to settle an investor class-action lawsuit,  a New York state official said on Friday.
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NEW YORK -- Two men at the heart of corporate greed scandals in America paid the price yester day: A judge sentenced former Enron Corp. executive Andrew Fastow to prison, and Bernard Ebbers, once chief executive of highflying WorldCom Inc., began serving his 25-year sentence.
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Former WorldCom Inc. finance chief  Scott Sullivan, who has become the star witness against Bernard  Ebbers, admitted on Wednesday to a history of lies, saying he  had deceived shareholders, analysts and the board while his  staff undertook an $11 billion accounting fraud.