Tag Archives for corruption
Massive Corruption + Airlines
When the airline industry took a nose dive a decade ago, executives at global carriers scrambled to find a quick fix to avoid financial ruin.What they came up with, according to federal prosecutors, was a massive price-fixing scheme among airlines … Continue reading
Whitewashing Lehman
According to the paper, Securities and Exchange Commission officials have begun to doubt they can prove that Lehman broke U.S. laws by moving nearly $50 billion in assets off its balance sheet to make it appear that the securities firm … Continue reading
The Rise of the Corporate State
In order to preserve the portfolios of bondholders, Michigan is ramrodding this legislation: The new law would allow emergency managers to terminate labor contracts, strip local ordinances, hold millage elections, dissolve a government with the governor’s approval, and merge school … Continue reading
Non-Profit Model Amongst NFL Corruption
Didn’t learn that the Green Bay Packers are a non-profit entity until this article. Good parts: In 1923, the Packers were just another hardscrabble team on the brink of bankruptcy. Rather than fold they decided to sell shares to the … Continue reading
Hilarious: H.P.’s Board
In my book, this is corruption. Bunch of insiders with spotty track records at best hire one another at exorbitant rates to crush value: Indeed, on the surface, it looks like H-P (HPQ 47.08, -0.46, -0.97%) has become a haven for failed executives. The … Continue reading